ArcelorMittal (MT) Reports Q3 Earnings: What Key Metrics Have to Say

ArcelorMittal (MT) reported $15.2 billion in revenue for the quarter ended September 2024, representing a year-over-year decline of 8.6%. EPS of $0.63 for the same period compares to $1.10 a year ago.The reported revenue represents a surprise of -3.58% over the Zacks Consensus Estimate of $15.76 billion. With the consensus EPS estimate being $0.58, the EPS surprise was +8.62%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.Here is how ArcelorMittal performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts: Crude steel production - NAFTA: 1,652 Kmt compared to the 2,177.37 Kmt average estimate based on three analysts. Shipments Steel - Total: 13.4 Kmt versus the three-analyst average estimate of 13.62 Kmt. Iron ore shipment - Mining: 6.3 Mmt compared to the 6.55 Mmt average estimate based on three analysts. Shipments Steel - Europe: 6,803 Kmt versus 6,920.37 Kmt estimated by three analysts on average. Shipments Steel - Brazil: 3,787 Kmt versus the three-analyst average estimate of 3,632.46 Kmt. Shipments Steel - NAFTA: 2,408 Kmt compared to the 2,532.9 Kmt average estimate based on three analysts. Crude steel production - Europe: 7,870 Kmt compared to the 7,576.52 Kmt average estimate based on three analysts. Revenue- NAFTA: $2.76 billion versus $2.93 billion estimated by three analysts on average. Compared to the year-ago quarter, this number represents a -13.4% change. Revenue- Brazil: $3.22 billion versus the three-analyst average estimate of $3.17 billion. The reported number represents a year-over-year change of -9.6%. Segment Revenue- Sustainable Solutions: $2.54 billion versus the three-analyst average estimate of $2.53 billion. Revenue- Mining: $589 million versus $625.45 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a -19.2% change. Revenue- Europe: $7.14 billion versus $7.20 billion estimated by three analysts on average. Compared to the year-ago quarter, this number represents a -19.7% change. View all Key Company Metrics for ArcelorMittal here>>>Shares of ArcelorMittal have returned +3.3% over the past month versus the Zacks S&P 500 composite's +3.2% change. The stock currently has a Zacks Rank #5 (Strong Sell), indicating that it could underperform the broader market in the near term.Free Today: Profiting from The Future’s Brightest Energy SourceThe demand for electricity is growing exponentially. At the same time, we’re working to reduce our dependence on fossil fuels like oil and natural gas. Nuclear energy is an ideal replacement.Leaders from the US and 21 other countries recently committed to TRIPLING the world’s nuclear energy capacities. This aggressive transition could mean tremendous profits for nuclear-related stocks – and investors who get in on the action early enough.Our urgent report, Atomic Opportunity: Nuclear Energy's Comeback, explores the key players and technologies driving this opportunity, including 3 standout stocks poised to benefit the most.Download Atomic Opportunity: Nuclear Energy's Comeback free today.Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report ArcelorMittal (MT): Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks