ArcelorMittal (MT) Set to Release Quarterly Earnings on Thursday

Key Points

• ArcelorMittal is scheduled to report Q3 2026 results before market open on Thursday, November 5. Analysts expect earnings of $0.80 per share on $16.88 billion in revenue.
• In the previous quarter, ArcelorMittal earned $0.90 per share, below the $1.18 consensus estimate, while revenue rose 5.2% year over year to $16.76 billion.
• Analyst sentiment is generally positive, with a “Moderate Buy” consensus rating and an average price target of $74.55, although recent targets and ratings have been mixed.

ArcelorMittal (NYSE:MT - Get Free Report) is expected to announce its Q3 2026 results before the market opens on Thursday, November 5th. Analysts expect the company to announce earnings of $0.80 per share and revenue of $16.88 billion for the quarter. Individuals can find conference call details on the company's upcoming Q3 2026 earnings results page for the latest details on the call scheduled for Thursday, November 5, 2026 at 3:00 AM ET.

ArcelorMittal (NYSE:MT - Get Free Report) last announced its earnings results on Thursday, July 30th. The basic materials company reported $0.90 earnings per share for the quarter, missing analysts' consensus estimates of $1.18 by ($0.28). ArcelorMittal had a net margin of 2.88% and a return on equity of 4.20%. The company had revenue of $16.76 billion for the quarter, compared to analysts' expectations of $17.56 billion. During the same quarter in the prior year, the firm posted $1.32 earnings per share. ArcelorMittal's quarterly revenue was up 5.2% on a year-over-year basis. On average, analysts expect ArcelorMittal to post $3.61 EPS for the current fiscal year and $7.25 EPS for the next fiscal year.

ArcelorMittal Price Performance

NYSE MT opened at $60.28 on Thursday. The company has a current ratio of 1.43, a quick ratio of 0.57 and a debt-to-equity ratio of 0.21. ArcelorMittal has a 12 month low of $36.70 and a 12 month high of $79.68. The company's 50 day moving average is $69.04 and its two-hundred day moving average is $63.48. The stock has a market cap of $46.72 billion, a price-to-earnings ratio of 25.54, a PEG ratio of 0.56 and a beta of 1.54.

Analyst Ratings Changes

Several brokerages have recently commented on MT. Deutsche Bank Aktiengesellschaft set a $79.00 price target on ArcelorMittal and gave the company a "buy" rating in a research note on Monday, October 5th. Wells Fargo & Company cut their price objective on shares of ArcelorMittal from $69.00 to $64.00 and set an "equal weight" rating on the stock in a report on Tuesday, October 6th. JPMorgan Chase & Co. raised shares of ArcelorMittal from a "neutral" rating to an "overweight" rating in a research note on Thursday, October 15th. Weiss Ratings raised shares of ArcelorMittal from a "hold (c)" rating to a "hold (c+)" rating in a research note on Wednesday, October 14th. Finally, Barclays reiterated a "neutral" rating on shares of ArcelorMittal in a research note on Tuesday, July 7th. Eight equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $74.55.

About ArcelorMittal

ArcelorMittal SA NYSE: MT is one of the world's largest integrated steel and mining companies. The company produces steel products for the automotive, construction, appliance, energy, engineering and packaging industries, serving customers through a combination of primary steelmaking, finishing and distribution operations.

Its product portfolio includes flat steel, long steel, tubular products, bars, wire rod and specialized automotive steels. ArcelorMittal also operates iron ore mining and pelletizing activities that support its steel production and supply chain.

The company was formed in 2006 through the merger of Arcelor and Mittal Steel.

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