ArcelorMittal’s Latest Financial Insights for 2024
ArcelorMittal, a leading global steel and mining company, recently shared its consensus figures for the fourth quarter (Q4) and full year (FY) of 2024. These insights are derived from independent analyses and provide an overview of anticipated financial performance.
Understanding the Consensus Figures
The consensus estimates are compiled from various analysts using tools managed by an external firm. This process involves approximately 15 brokers who actively monitor ArcelorMittal’s performance, contributing their forecasts to create a comprehensive view of expected financial results.
Key Financial Projections
The forecasts as presented for Q4 and FY 2024 are as follows:
- EBITDA ($m): Q4 – $1,529; FY – $6,929
- Net Income ($m): Q4 – $319; FY – $2,044
- Earnings per Share ($): Q4 – $0.41; FY – $2.55
A total of 13 brokers participated in updating these estimates within the external tool, Visible Alpha.
Meet the Analysts Behind the Estimates
The following institutions and their representatives have contributed to the consensus figures:
- Bank of America – Patrick Mann
- CITI – Ephrem Ravi, Krishan Agarwal
- Deutsche Bank – Bastian Synagowitz
- Exane – Tristan Gresser
- Goldman Sachs – Matt Greene
- Grupo Santander – Robert Jackson
- ING – Stijn Demeester
- Jefferies – Cole Hathorn
- Kepler – Boris Bourdet
- Keybanc – Phil Gibbs
- Morgan Stanley – Alain Gabriel
- Oddo – Maxime Kogge
- UBS – Andrew Jones
The Role of Visible Alpha
Visible Alpha plays a critical role in aggregating the predictions made by these financial analysts. However, it’s important to note that ArcelorMittal does not influence or verify these estimates. Instead, this information reflects an independent overview based on insights from outside observers.
Disclaimer on Financial Data
Information provided through Visible Alpha is categorized as “as is” and without warranty. Analysts’ estimates incorporate various known factors, yet they also come with inherent uncertainties. Hence, ArcelorMittal does not bear any responsibility for specific projections or their accuracy.
About ArcelorMittal
ArcelorMittal stands as one of the world’s foremost integrated steel and mining corporations, active in 60 nations with significant steel production. With a stronghold in Europe and an expanding footprint in the Americas and Asia, ArcelorMittal produces a diverse array of steel products for sectors like automotive and engineering. In the latest financial year, the company achieved revenues of $68.3 billion and produced over 58 million metric tonnes of crude steel.
Sustainable Steel Production
Committed to sustainability, ArcelorMittal aims to produce advanced steel solutions that meet the needs of modern infrastructure developments, focusing on innovative practices to minimize energy consumption while reducing carbon emissions. Through this approach, the company not only meets current demands but also supports a greener future.
Contacting ArcelorMittal
For inquiries regarding investor relations, you can reach ArcelorMittal through the following channels:
- General Inquiries: +44 20 7543 1128
- Retail Inquiries: +44 20 3214 2893
- SRI: +44 20 3214 2801
- Bonds/Credit: +33 171 921 026, investor.relations@arcelormittal.com
- Corporate Communications: +44 20 3214 2419, press@arcelormittal.com
Frequently Asked Questions
What are the key financial forecasts for ArcelorMittal in 2024?
ArcelorMittal's anticipated EBITDA for Q4 2024 is $1,529 million and for FY 2024, it is $6,929 million, with earnings per share projected at $0.41 and $2.55 respectively.
How many analysts contributed to the estimates?
A total of 13 brokers provided their estimates, reflecting a consensus view of ArcelorMittal's expected performance.
What role does Visible Alpha play in these estimates?
Visible Alpha aggregates estimates from independent analysts covering ArcelorMittal, ensuring a broad perspective on the company's financial expectations.
Can I trust the accuracy of these forecasts?
While these projections are based on reputable analyst predictions, ArcelorMittal does not verify their accuracy and disclaims responsibility for any discrepancies.
How can I reach ArcelorMittal for more information?
You can contact ArcelorMittal Investor Relations or Corporate Communications via the provided phone numbers or email addresses for inquiries.
