ArcelorMittal (NYSE:MT) Announces Earnings Results

ArcelorMittal (NYSE:MT) announced its earnings results on Thursday. The basic materials company reported $1.15 EPS for the quarter, beating analysts’ consensus estimates of $0.80 by $0.35, Zacks reports. The firm had revenue of $16.47 billion for the quarter, compared to analysts’ expectations of $17.77 billion. ArcelorMittal had a return on equity of 4.87% and a net margin of 1.64%. ArcelorMittal’s quarterly revenue was up 5.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.62 EPS.

Here are the key takeaways from ArcelorMittal’s conference call:

• Third-quarter EBITDA rose 34% year over year to $2 billion, while EBITDA per ton reached $155, up $44 from a year earlier. Management said the results reflect improving margins, though it noted that higher energy costs remain a factor.
• In Europe, flat-steel imports were about 50% lower year over year in Q3, and the company expects European flat-product shipments to increase at a double-digit rate year over year in Q4. Management expects destocking to largely end by year-end, with lower imports and annual contract repricing supporting further improvement in 2027.
• Management sees growth potential across regions: India achieved a shipment record and expects higher volumes from its Hazira expansion in 2027, while North American demand and pricing trends remain supportive. Strategic projects are still ramping up, including Calvert, whose progress has been slower than expected.
• The company expects strong Q4 free cash flow, partly from a seasonal working-capital release, and said it may return more than the usual 50% of free cash flow to shareholders through buybacks. It maintained its $4.5 billion–$5 billion annual capital expenditure reference range.

ArcelorMittal Trading Up 1.0%

ArcelorMittal stock traded up $0.61 during trading on Friday, reaching $61.03. The company had a trading volume of 1,341,232 shares, compared to its average volume of 1,337,406. The firm has a market capitalization of $47.30 billion, a price-to-earnings ratio of 45.21, a PEG ratio of 0.57 and a beta of 1.55. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.57 and a current ratio of 1.43. The stock’s 50 day moving average price is $67.33 and its two-hundred day moving average price is $63.93. ArcelorMittal has a 12-month low of $38.67 and a 12-month high of $79.68.

Analyst Ratings Changes

A number of research firms have recently weighed in on MT. JPMorgan Chase & Co. raised ArcelorMittal from a “neutral” rating to an “overweight” rating in a report on Thursday, October 15th. Morgan Stanley began coverage on ArcelorMittal in a research note on Monday, August 24th. They set an “overweight” rating and a $82.00 price objective on the stock. Deutsche Bank Aktiengesellschaft set a $79.00 price objective on ArcelorMittal and gave the company a “buy” rating in a research note on Monday, October 5th. Citigroup reiterated a “buy” rating on shares of ArcelorMittal in a research report on Tuesday, August 4th. Finally, UBS Group raised shares of ArcelorMittal from a “neutral” rating to a “buy” rating in a research note on Friday, October 9th. Eight investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $74.55.

Key Headlines Impacting ArcelorMittal

Here are the key news stories impacting ArcelorMittal this week:

• Positive Sentiment: Third-quarter EPS of $1.15 beat the $0.80 consensus, while revenue rose 5.2% year over year. Reports also cited higher production, sales and EBITDA, supporting the view that operating performance improved. ArcelorMittal Q3 EBITDA, Sales Rise On Higher Production
• Positive Sentiment: European market strength may be helping margins: the company said higher steel tariffs were boosting profits, and European flat-steel shipments rose from the prior quarter despite typical seasonal patterns. ArcelorMittal beats profit expectations as European market strengthens
• Neutral Sentiment: ArcelorMittal also reported production for the third quarter and first nine months of 2026; the article listing provided no specific figures to assess the operational trend. Production results
• Negative Sentiment: Revenue of $16.47 billion fell short of the $17.77 billion analyst estimate. A separate report said ArcelorMittal recorded a $391 million third-quarter loss following a shutdown in Ukraine, a counterweight to the adjusted earnings beat. ArcelorMittal posts $391 million Q3 loss after Ukraine shutdown

ArcelorMittal Company Profile

ArcelorMittal is a global steel and mining company that produces steel products for customers across industries including automotive, construction, energy, appliances and packaging. Its offerings include flat and long steel products, as well as iron ore and metallurgical coal used in steelmaking.

The company operates across the Americas, Europe and other regions, combining mining and steelmaking activities with research and product development. ArcelorMittal was formed in 2006 through the merger of Arcelor and Mittal Steel.

Aditya Mittal is the company’s chief executive officer, and Lakshmi N.