ArcelorMittal’s 1Q18 earnings
ArcelorMittal (MT), the world’s largest steel producer, is scheduled to release its 1Q18 earnings on May 11.
ArcelorMittal’s earnings are coming toward the end of the 1Q18 earnings season, and most steel producers (XME) have already released their 1Q18 earnings.
Speaking of the 1Q18 earnings season, while companies such as Steel Dynamics and Nucor (NUE) posted better-than-expected earnings in the quarter, the market’s reaction to their earnings was subdued at best. On the other hand, both U.S. Steel Corporation (X) and AK Steel (AKS) saw selling sprees after their 1Q18 earnings releases despite posting better-than-expected earnings. In U.S. Steel’s case, its guidance likely spooked the markets. Furthermore, the company talked about “continued operational volatility” at its facilities, which likely added momentum to the sell-off of its stock.
While earnings have kept steel investors on their toes in the last month, policy flip-flops on the Section 232 exemptions have also created an air of uncertainty in US steel markets. Steel stocks saw selling pressure after President Donald Trump extended the Section 232 exemptions by another month.
In this series, we’ll see what analysts are projecting for ArcelorMittal’s 1Q18 earnings. We’ll look at the key financial metrics investors may want to watch in the company’s 1Q18 earnings. Finally, we’ll see how analysts rate the stock ahead of its 1Q18 earnings release.
Let’s begin by looking at ArcelorMittal’s 1Q18 revenue estimates in the next article.