ArcelorMittal S.A.: ArcelorMittal announces the publication of its first quarter 2024 sell-side analyst consensus figures

Rhea-AI Summary

ArcelorMittal announces the publication of its first quarter 2024 sell-side analyst consensus figures. The consensus figures include 1Q’24 EBITDA of $1,814 million, net income of $733 million, and earnings per share of $0.91. The Company has filed its 2023 Factbook reflecting reportable segments and EBITDA for FY 2021, FY 2022, and FY 2023. The estimates are based on Visible Alpha consensus dated 25.4.24, with a disclaimer provided by Visible Alpha regarding data accuracy.

Insights

Financial Analyst

When evaluating ArcelorMittal’s first quarter consensus figures, a critical component is the EBITDA, which stands at $1,814 million. This metric is essential for stakeholders as it represents the company's operational profitability before depreciation, amortization and non-operational costs or revenues. Net income, which amounts to $733 million, provides insight into the bottom line profitability and is key for investors assessing the net earnings attributable to shareholders.

Additionally, the earnings per share (EPS) of $0.91 is a vital indicator of the company's profitability on a per-share basis. Investors often use this figure to gauge the company's financial health and make buy or sell decisions. The consensus estimates are derived from six sell-side analysts, a relatively small but focused group, which can provide a more robust view than just a couple of analysts. However, investors should be cautious and consider the broader market consensus to ensure they are getting a well-rounded view.

Market Research Analyst

The stock market typically reacts to consensus figures as they provide a snapshot of the company's performance against market expectations. In the case of ArcelorMittal, the numbers released could influence investor sentiment, particularly if there are significant deviations from these figures when the actual results are announced. The fact that these figures are compiled by an independent third party, Visible Alpha, adds a level of objectivity to the data, which could be seen as more reliable than company-issued forecasts.

Understanding the industry context is also crucial; for instance, the steel industry is cyclical and heavily influenced by economic conditions. Therefore, ArcelorMittal's performance needs to be contextualized within global trade, commodity prices and demand trends. It is also important to monitor any changes in the company’s reported segments and EBITDA definition, as they reflect management's focus areas and strategic shifts that could affect future performance.

25 April 2024, 14:30 CET

ArcelorMittal (‘the Company’) today announces the publication of its first quarter 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. 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.

1Q’24 consensus estimates*:

                                          1Q’24                        

• EBITDA ($m)                        $1,814                        
• Net income ($m)                   $733        
• Earnings per share ($)          $0.91                        
  
  

* Number of sell-side analyst participation is 6 brokers (i.e. those who have updated estimates in Visible Alphas and reflected the Groups new EBITDA definition and reportable segmentation).

2023 Factbook published

The Company has filed its 2023 Factbook reflecting the presentation of reportable segments and EBITDA for the following periods where applicable: FY 2021, FY 2022 and FY 2023 and quarters of 2022 and 2023.
Company’s published 2023 Factbook can be viewed here.

Other information

Estimates based on Visible Alpha consensus dated 25.4.24. 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 are the first quarter 2024 sell-side analyst consensus figures for ArcelorMittal (MT)?

The first quarter 2024 sell-side analyst consensus figures for ArcelorMittal include 1Q’24 EBITDA of $1,814 million, net income of $733 million, and earnings per share of $0.91.

How many sell-side analysts participated in providing the consensus estimates for ArcelorMittal (MT)?

Six brokers participated in providing the consensus estimates for ArcelorMittal, reflecting the Group's new EBITDA definition and reportable segmentation.

What does the 2023 Factbook of ArcelorMittal (MT) reflect?

The 2023 Factbook of ArcelorMittal reflects the presentation of reportable segments and EBITDA for FY 2021, FY 2022, and FY 2023.

Based on what tool were the consensus figures for ArcelorMittal (MT) calculated?

The consensus figures for ArcelorMittal were calculated based on an external web-based tool provided and managed by an independent company, Visible Alpha.

What disclaimer is provided regarding the data accuracy of the consensus estimates for ArcelorMittal (MT)?

Visible Alpha provides a disclaimer stating that the information is provided 'as is' and 'as available' without warranty of any kind, and they do not guarantee the accuracy or completeness of the data.