Algoma Steel Group (ASTL) Set to Announce Earnings on Wednesday

Algoma Steel Group (NASDAQ:ASTL) will likely be posting its Q3 2026 results after the market closes on Wednesday, October 28th. Analysts expect the company to announce earnings of ($0.56) per share and revenue of $161.15 million for the quarter. Interested persons may visit the company’s upcoming Q3 2026 earnings summary page for the latest details on the call scheduled for Thursday, October 29, 2026 at 11:00 AM ET.

Algoma Steel Group (NASDAQ:ASTL) last posted its quarterly earnings results on Wednesday, July 29th. The company reported ($0.64) EPS for the quarter, missing the consensus estimate of ($0.60) by ($0.04). The company had revenue of $267.50 million for the quarter, compared to analysts’ expectations of $205.57 million. Algoma Steel Group had a negative return on equity of 110.49% and a negative net margin of 71.60%. On average, analysts expect Algoma Steel Group to post ($2.37) EPS for the current fiscal year and ($0.48) EPS for the next fiscal year.

Algoma Steel Group Trading Down 0.5%

Shares of ASTL stock opened at $4.11 on Wednesday. The company’s 50-day moving average price is $4.29 and its 200-day moving average price is $4.44. The company has a debt-to-equity ratio of 2.85, a current ratio of 2.49 and a quick ratio of 1.35. Algoma Steel Group has a twelve month low of $3.16 and a twelve month high of $5.90.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the stock. Weiss Ratings restated a “sell (d-)” rating on shares of Algoma Steel Group in a research report on Monday, September 21st. Wall Street Zen downgraded shares of Algoma Steel Group from a “sell” rating to a “strong sell” rating in a research note on Saturday, September 26th. Finally, Royal Bank Of Canada reiterated a “sector perform” rating on shares of Algoma Steel Group in a report on Monday, September 28th. Three investment analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Algoma Steel Group presently has an average rating of “Reduce”.

Algoma Steel Group Company Profile

Algoma Steel Group Inc is a Canadian integrated steel producer headquartered in Sault Ste. Marie, Ontario. Through its primary steelmaking and rolling operations, the company produces steel products used by customers in the automotive, construction, manufacturing, energy and transportation industries.

Algoma’s product portfolio includes hot-rolled steel sheet, cold-rolled steel sheet, galvanized steel and steel plate. Its operations include iron and steel production, casting and finishing facilities, enabling the company to supply a range of flat-rolled and specialty steel products to North American markets.

The company traces its history to the establishment of Algoma Steel in 1901.