Stock Analysis

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

ENXTAM:MT
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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).
earnings-and-revenue-growth
ENXTAM:MT Earnings and Revenue Growth November 17th 2022

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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