Algoma Steel Group (ASTL) Set to Post Earnings on Wednesday

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

Algoma Steel Group (NASDAQ:ASTL) last posted its quarterly earnings data on Wednesday, July 29th. The company reported ($0.64) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.60) by ($0.04). The firm had revenue of $267.50 million for the quarter, compared to analysts’ expectations 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 Price Performance

Shares of ASTL stock opened at $4.97 on Tuesday. The company has a market capitalization of $524.71 million, a PE ratio of -0.67 and a beta of 1.65. The firm has a fifty day simple moving average of $4.30 and a 200-day simple moving average of $4.42. The company has a current ratio of 2.49, a quick ratio of 1.35 and a debt-to-equity ratio of 2.85. Algoma Steel Group has a twelve month low of $3.16 and a twelve month high of $5.90.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on ASTL. Wall Street Zen cut shares of Algoma Steel Group from a “sell” rating to a “strong sell” rating in a research report on Saturday, September 26th. Royal Bank Of Canada reiterated a “sector perform” rating on shares of Algoma Steel Group in a research note on Monday, September 28th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Algoma Steel Group in a research note on Monday, September 21st. Three investment analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Algoma Steel Group 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.