ASTL Stock Recent News

Analysts were expecting Algoma to report a loss last night -- but not a loss as big as this one. On the plus side, the company beat sales expectations.

Algoma Steel Group Inc. (ASTL) came out with a quarterly loss of $0.14 per share versus the Zacks Consensus Estimate of $0.01. This compares to earnings of $1.15 per share a year ago.

SAULT STE. MARIE, Ontario, June 06, 2023 (GLOBE NEWSWIRE) -- Algoma Steel Group Inc. (NASDAQ: ASTL; TSX: ASTL) (“Algoma”), a leading Canadian producer of hot and cold rolled steel sheet and plate products, announced today that the Company will release its fiscal 2023 fourth quarter and full year financial results after the market closes on Wednesday, June 21, 2023. A webcast and conference call will be held on Thursday, June 22, 2023, at 11:00 a.m. Eastern Time to review the Company's results, discuss recent events, and conduct a question-and-answer session.

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

Algoma Steel is on a transformative journey, transitioning from a blast furnace steel producer to one using the more modern, cost effective and environmentally cleaner EAF technology. ASTL stock seems to be trading at over a 40% discount to its intrinsic value, making it a great bargain. I assign it a “Buy” at the current price.

Algoma Steel Group Inc. (NASDAQ:ASTL ) Q3 2023 Earnings Conference Call February 14, 2023 11:00 AM ET Company Participants Mike Moraca - Treasurer and Investor Relations Officer Michael Garcia - Chief Executive Officer Rajat Marwah - Chief Financial Officer Conference Call Participants David Ocampo - Cormark Securities Ian Gillies - Stifel David Gagliano - BMO Capital Markets Anoop Prihar - Eight Capital Ahmad Shaath - Beacon Securities Operator Hello and welcome to today's Conference Call to discuss Algoma Steel's Fiscal Third Quarter 2023 Financial Results. My name is Shamali and I am your operator for today's call.

Algoma Steel Group Inc. (ASTL) delivered earnings and revenue surprises of -46.88% and 16.90%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?

SAULT STE. MARIE, Ontario, Feb. 01, 2023 (GLOBE NEWSWIRE) -- Algoma Steel Group Inc. (NASDAQ: ASTL; TSX: ASTL) (“Algoma”), a leading Canadian producer of hot and cold rolled steel sheet and plate products, announced today that the Company will release its fiscal 2023 third quarter financial results after the market closes on Monday, February 13, 2023. A webcast and conference call will be held on Tuesday, February 14, 2023, at 11:00 a.m. Eastern Time to review the Company's results, discuss recent events, and conduct a question-and-answer session.

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

Normalised FCF at C$100-120m which offer at least 50-60% upside to a patient investor. Not exactly a net cash balance sheet. EAF project debt is a hidden liability and should be taken into consideration.