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Algoma Steel Group (ASTL)
NASDAQ:ASTL
Earnings Data
Report Date
Feb 11, 2026After Close (Confirmed)
Period Ending
2026 (Q3)Consensus EPS Forecast
―Last Year’s EPS
-0.44Same Quarter Last Year
Moderate Buy
Based on 3 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Neutral
The earnings call reflects a challenging environment for Algoma Steel Group Inc., with significant pressures from weak market demand and tariff uncertainties leading to decreased revenue and an EBITDA loss. However, there are positive developments such as the strong liquidity position, progress on the Electric Arc Furnace project, and expected cost reductions from transitioning to EAF steelmaking. The sentiment is balanced with both significant challenges and positive outlooks.Company Guidance
Strong Liquidity Position
Algoma Steel Group Inc. maintained a strong balance sheet with over $267 million in cash at the end of the quarter and total liquidity of $630 million.
Progress on Electric Arc Furnace Project
The Electric Arc Furnace (EAF) project is on schedule with first steel production expected in April 2025. The project remains on budget with cumulative investment at $740 million.
Plate Shipments Increase
Plate shipments for Q4 2024 reached approximately 82,000 tons, up from 73,000 tons in Q3 2024, with plans to increase production further in Q1 2025.
Expected Cost Reduction from EAF Transition
Transitioning to EAF steelmaking is expected to strengthen Algoma's cost structure, with the full conversion cost expected to be $200 to $220 USD per ton.
Insurance Payout Expected
Algoma expects to receive an insurance payout related to a previous outage, with $20 to $25 million anticipated in the next month and the balance by year-end.
ASTL Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
ASTL Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Mar 12, 2025 | $5.73 | $6.14 | +7.16% |
Nov 06, 2024 | $11.06 | $11.76 | +6.33% |
Aug 13, 2024 | $8.84 | $9.12 | +3.17% |
Jun 20, 2024 | $6.90 | $6.77 | -1.88% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Algoma Steel Group (ASTL) report earnings?
Algoma Steel Group (ASTL) is schdueled to report earning on Feb 11, 2026, After Close (Confirmed).
What is Algoma Steel Group (ASTL) earnings time?
Algoma Steel Group (ASTL) earnings time is at Feb 11, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is ASTL EPS forecast?
Currently, no data Available