Algoma Steel Group Inc reports results for the quarter ended December 31 - Earnings Summary

• Algoma Steel Group Inc ASTL.OQ reported a quarterly adjusted loss of 62 cents​​ per share for the quarter ended December 31, higher than the same quarter last year, when the company reported EPS of -78 cents. The mean expectation of two analysts for the quarter was for a loss of 81 cents per share. Wall Street expected results

• Revenue fell 4.1% to C$590.30 million from a year ago; analysts expected C$582.30 million.

• Algoma Steel Group Inc's reported EPS for the quarter was a loss of 61 cents​.

• The company reported a quarterly loss of C$66.5 million.

• Algoma Steel Group Inc shares had fallen by 40.6% this quarter.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 42.1% in the last three months.​

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

This summary was machine generated from LSEG data March 12 at 11:30 p.m. UTC. ​All figures in Canadian dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)