Arcelor Mittal Earnings: What Investors Should Watch

Arcelor Mittal (NYSE:MT) will report earnings before markets open on Friday, May 10th. ArcelorMittal produces steel. The Company manufactures cold rolled, electrogalvanized and coated steels, slabs, special quality bars, and wire rods. Arcelor Mittal has steel making operations in Europe, the Americas, Asia, and Africa.

Here is your Cheat Sheet to Arcelor Mittal Earnings:

Earnings Expectations: Analysts expect earnings of $-0.05 per share on revenues of $20.86 billion.

Analyst Trends:

Analysts have a more negative outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has fallen from a profit of $0.46 to a profit $0.24. For the current year, the average estimate is a profit of $0.51, which is worse than the estimate ninety days ago.

Earnings Trends:

Here’s how Arcelor Mittal has been performing on an annual basis:

Fiscal Year 2008 2009 2010 2011 2012
Revenue ($) in millions 124,940 61,020 78,020 93,970 84,210
Diluted EPS ($) 6.83 0.11 1.72 1.19 -2.41

Next, our CHEAT SHEET investing framework asks us to drill down to the recent quarterly data:

Quarter Dec. 31, 2011 Mar. 31, 2012 Jun. 30, 2012 Sep. 30, 2012 Dec. 31, 2012
Revenue ($) in millions 22,450 22,700 22,480 19,720 19,310
Diluted EPS ($) -0.6482 0.01 0.56 -0.46 -2.650

Past Performance:
Arcelor Mittal has missed analyst estimates 3 times in the past four quarters. Shareholders could expect a bust if the company misses estimates.

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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at]