ArcelorMittal Third Quarter 2022 Earnings: Revenues Beat Expectations, EPS Lags

ArcelorMittal (AMS:MT) Third Quarter 2022 Results

Key Financial Results

• Revenue: US$19.0b (down 6.2% from 3Q 2021).
• Net income: US$993.0m (down 79% from 3Q 2021).
• Profit margin: 5.2% (down from 23% in 3Q 2021). The decrease in margin was primarily driven by higher expenses.
• EPS: US$1.11 (down from US$4.17 in 3Q 2021).

All figures shown in the chart above are for the trailing 12 month (TTM) period

ArcelorMittal Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 9.2%. Earnings per share (EPS) missed analyst estimates by 12%.

Looking ahead, revenue is expected to fall by 12% p.a. on average during the next 3 years compared to a 3.3% decline forecast for the Metals and Mining industry in Europe.

Performance of the market in the Netherlands.

The company's shares are up 4.2% from a week ago.

Risk Analysis

You should learn about the 1 warning sign we've spotted with ArcelorMittal.

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