Algoma Steel Group (ASTL) Expected to Release Earnings on Wednesday

Algoma Steel Group (NASDAQ:ASTL) is projected to post its Q3 2026 results after the market closes on Wednesday, October 28th. Analysts expect the company to announce earnings of ($0.56) per share and revenue of $161.15 million for the quarter. Interested persons can find conference call details on the company’s upcoming Q3 2026 earnings report for the latest details on the call scheduled for Thursday, October 29, 2026 at 11:00 AM ET.

Algoma Steel Group (NASDAQ:ASTL) last released its earnings results on Wednesday, July 29th. The company reported ($0.64) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.60) by ($0.04). The firm had revenue of $267.50 million during the quarter, compared to analyst estimates of $205.57 million. Algoma Steel Group had a negative net margin of 71.60% and a negative return on equity of 110.49%. On average, analysts expect Algoma Steel Group to post ($2.37) EPS for the current fiscal year and ($0.48) EPS for the next fiscal year.

Algoma Steel Group Stock Performance

Shares of ASTL stock opened at $4.74 on Monday. The firm has a market capitalization of $500.83 million, a price-to-earnings ratio of -0.64 and a beta of 1.65. The company has a debt-to-equity ratio of 2.85, a current ratio of 2.49 and a quick ratio of 1.35. The business has a fifty day moving average of $4.31 and a 200 day moving average of $4.45. Algoma Steel Group has a 1 year low of $3.16 and a 1 year high of $5.90.

Analyst Ratings Changes

A number of brokerages have recently weighed in on ASTL. Weiss Ratings reissued a “sell (d-)” rating on shares of Algoma Steel Group in a report on Monday, September 21st. Wall Street Zen cut Algoma Steel Group from a “sell” rating to a “strong sell” rating in a research note on Saturday, September 26th. Finally, Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of Algoma Steel Group in a report on Monday, September 28th. Three research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Reduce”.

Algoma Steel Group Company Profile

Algoma Steel Group Inc is an integrated steel producer headquartered in Sault Ste. Marie, Ontario, Canada. Through its steelmaking and finishing operations, the company produces a range of steel products for customers primarily in Canada and the United States.

Algoma’s product portfolio includes hot- and cold-rolled steel sheet, galvanized steel and steel plate. Its products are used in sectors such as automotive manufacturing, construction, energy, transportation, industrial equipment and general manufacturing.