ArcelorMittal’s 2Q17 earnings
The 2Q17 earnings season is now in full swing. Nucor (NUE) and Steel Dynamics have already released their 2Q17 earnings. July 25 will be another big day for steel investors with AK Steel (AKS) and U.S. Steel (X) releasing their 2Q17 earnings on that day. ArcelorMittal (MT), the world’s largest steelmaker, is expected to release its 2Q17 earnings on July 27.
Earnings season so far
It’s been a dull earnings season so far for steel investors (XME). Both Nucor and Steel Dynamics missed consensus earnings estimates for the quarter. Prior to that, both these companies’ 2Q17 earnings guidance had disappointed markets. Even U.S. Steel’s 2Q17 earnings estimates look on the higher side. You can read Behind U.S. Steel’s Recovery Odds to find out what analysts are projecting for U.S. Steel’s 2Q17 earnings.
For AK Steel’s 2Q17 pre-earnings analysis, you can read AK Steel’s 2Q17 Earnings: What’s the Word on Wall Street.
With 2Q17 steel earnings starting on a bad note, the market’s attention has shifted to other steel companies like U.S. Steel and ArcelorMittal. In this series, we’ll see what analysts are projecting for ArcelorMittal’s 2Q17 earnings. We’ll look at the key financial metrics that investors might want to watch in the company’s 2Q17 earnings. We’ll also see which business segment could lead in terms of earnings upside for ArcelorMittal in 2Q17.
Let’s begin by looking at ArcelorMittal’s 2Q17 revenue estimates.