ArcelorMittal announces the publication of its fourth quarter and full year 2024 sell-side analyst consensus figures 

Rhea-AI Summary

ArcelorMittal (MT) has released its Q4 and full-year 2024 sell-side analyst consensus figures, compiled by Visible Alpha from approximately 15 brokers who continuously cover the company. The consensus estimates, based on 13 participating analysts, project:

For Q4 2024:
- EBITDA: $1,529 million
- Net income: $319 million
- Earnings per share: $0.41

For Full Year 2024:
- EBITDA: $6,929 million
- Net income: $2,044 million
- Earnings per share: $2.55

The company emphasizes that these estimates are independently compiled without ArcelorMittal's involvement in the collection or compilation process, and the company is not responsible for analysts' views.

Positive

• Projected positive EBITDA of $6.929 billion for FY2024
• Expected net income of $2.044 billion for FY2024
• Forecasted positive EPS of $2.55 for FY2024

Negative

• None.

Insights

Financial Analyst

The consensus figures from 13 leading brokers provide a comprehensive window into market expectations for ArcelorMittal's performance. The projected $6.929 billion FY2024 EBITDA and $2.044 billion net income consensus indicates sustained profitability despite challenging market conditions in the global steel sector.

Several key insights emerge from these projections:

• The quarterly EBITDA projection of $1.529 billion suggests analysts anticipate robust operational performance in Q4, despite typical seasonal slowdowns in this period.
• The projected EPS of $2.55 for FY2024 reflects market confidence in ArcelorMittal's ability to maintain strong earnings performance.
• The participation of major institutions like Goldman Sachs, Morgan Stanley and Bank of America in the consensus adds significant credibility to these projections.

The consensus data points to continued operational resilience, though investors should note these are aggregate expectations and actual results may vary. The strong broker participation rate and diversity of contributing institutions suggest a well-rounded market perspective on ArcelorMittal's near-term performance trajectory.

ArcelorMittal (‘the Company’) today announces the publication of its fourth quarter and full year 2024 sell-side analyst consensus figures.

The consensus figures are based on analysts’ estimates recorded on an external web-based tool provided and managed by an independent company, Visible Alpha.

To arrive at the consensus figures below, Visible Alpha has aggregated the expectations of sell-side analysts who, to the best of our knowledge, cover ArcelorMittal on a continuous basis. This is currently a group of approximately 15 brokers. The listed sell-side analysts follow ArcelorMittal on their own initiative and ArcelorMittal is not responsible for their views. ArcelorMittal is neither involved in the collection of the information nor in the compilation of the estimates.

4Q’24 and FY’24 consensus estimates*:

                                              4Q’24                FY’24                

• EBITDA ($m)                        $1,529               $6,929        
• Net income ($m)                   $319                 $2,044
• Earnings per share ($)          $0.41                $2.55        
  
  

* Number of sell-side analyst participation is 13 brokers (i.e. those who have updated estimates in Visible Alpha).

The sell-side analysts who cover ArcelorMittal and whose estimates are included in the 4Q’24 and FY’24 group consensus outlined above are the following:

1. Bank of America – Patrick Mann
2. CITI – Ephrem Ravi, Krishan Agarwal
3. Deutsche Bank – Bastian Synagowitz
4. Exane – Tristan Gresser
5. Goldman Sachs – Matt Greene
6. Groupo Santander – Robert Jackson
7. ING - Stijn Demeester
8. Jefferies – Cole Hathorn
9. Kepler – Boris Bourdet
10. Keybanc – Phil Gibbs
11. Morgan Stanley – Alain Gabriel
12. Oddo – Maxime Kogge
13. UBS – Andrew Jones
    
    

Disclaimer

Estimates based on Visible Alpha consensus dated 27.1.25. The disclaimer is:

The information provided by Visible Alpha cited herein is provided “as is” and “as available” without warranty of any kind. Use of any Visible Alpha data is at a user’s own risk and Visible Alpha disclaims any liability for use of the Visible Alpha data. Although the information is obtained or compiled from reliable sources Visible Alpha neither can nor does guarantee or make any representation or warranty, either express or implied, as to the accuracy, validity, sequence, timeliness, completeness or continued availability of any information or data, including third-party content, made available herein. In no event shall Visible Alpha be liable for any decision made or action or inaction taken in reliance on any information or data, including third-party content. Visible Alpha further explicitly disclaims, to the fullest extent permitted by applicable law, any warranty of any kind, whether express or implied, including warranties of merchantability, fitness for a particular purpose and non-infringement.

The consensus estimate is based on estimates, forecasts and predictions made by third party financial analysts, as described above. It is not prepared based on information provided or checked by ArcelorMittal and can only be seen as a consensus view on ArcelorMittal's results from an outside perspective. ArcelorMittal has not provided input on these forecasts, except by referring to past publicly disclosed information. ArcelorMittal does not accept any responsibility for the quality or accuracy of any individual forecast or estimate. This web page may contain forward-looking statements based on current assumptions and forecasts made by ArcelorMittal or third parties. Various known and unknown risks, uncertainties and other factors could lead to material differences between ArcelorMittal's actual future results, financial situation, development or performance, and the estimates given here. These factors include those discussed in ArcelorMittal's periodic reports available on http://corporate.arcelormittal.com/.

ENDS

About ArcelorMittal

ArcelorMittal is one of the world’s leading integrated steel and mining companies with a presence in 60 countries and primary steelmaking operations in 15 countries. It is the largest steel producer in Europe, among the largest in the Americas, and has a growing presence in Asia through its joint venture AM/NS India. ArcelorMittal sells its products to a diverse range of customers including the automotive, engineering, construction and machinery industries, and in 2023 generated revenues of $68.3 billion, produced 58.1 million metric tonnes of crude steel and 42.0 million tonnes of iron ore.

Our purpose is to produce smarter steels for people and planet. Steels made using innovative processes which use less energy, emit significantly less carbon and reduce costs. Steels that are cleaner, stronger and reusable. Steels for the renewable energy infrastructure that will support societies as they transform through this century. With steel at our core, our inventive people and an entrepreneurial culture at heart, we will support the world in making that change.

ArcelorMittal is listed on the stock exchanges of New York (MT), Amsterdam (MT), Paris (MT), Luxembourg (MT) and on the Spanish stock exchanges of Barcelona, Bilbao, Madrid and Valencia (MTS).

http://corporate.arcelormittal.com/

Contact information ArcelorMittal Investor Relations
General	+44 20 7543 1128
Retail	+44 20 3214 2893
SRI	+44 20 3214 2801
Bonds/Credit E-mail	+33 171 921 026 investor.relations@arcelormittal.com
Contact information ArcelorMittal Corporate Communications
Paul Weigh Tel: E-mail:	+44 20 3214 2419 press@arcelormittal.com

FAQ

What is ArcelorMittal's (MT) projected EBITDA for Q4 2024?

According to analyst consensus, ArcelorMittal's projected EBITDA for Q4 2024 is $1,529 million.

What is the expected earnings per share (EPS) for ArcelorMittal (MT) in full-year 2024?

Analysts expect ArcelorMittal to achieve earnings per share of $2.55 for the full year 2024.

How many analysts contributed to ArcelorMittal's (MT) 2024 consensus estimates?

13 brokers participated in providing the consensus estimates for ArcelorMittal's Q4 and FY 2024 forecasts.

What is ArcelorMittal's (MT) projected net income for full-year 2024?

The analyst consensus projects ArcelorMittal's net income for full-year 2024 to be $2,044 million.