Algoma Steel Group (NASDAQ: ASTL) has announced that it will be unveiling its second quarter financial results on Wednesday 6th November 2024. The disclosure is planned to occur after market close.
As per the predictions of financial analysts on Wall Street, the establishment is set to report an estimated per share $0.27 loss for the second quarter. Additionally, the company is projected to unveil a revenue of $568.9 million for the period.
The earnings report for the corresponding quarter of the prior year unveiled a per-share income of $0.18. This was a direct result of the company's total revenue, which amounted to an impressive $546.1 million during that specific period.
Analysts on Wall Street have shared their predictions regarding the annual performance of the company, estimating a total revenue of $2.43 billion. Additionally, they are expecting the company to achieve per share loss of $0.59 for the fiscal year.
The business has scheduled a conference call on 7th November 2024 at 11:00 AM eastern time to discuss Q2 financial results.
Friday's trading saw Algoma Steel Group (ASTL) shares hit a low of $10.29 and a high of $10.66, with a day volume of 399.00 thousand shares. The stock closed the regular trading session at $10.59, indicating 2.32 percent rise.
