Algoma Steel Group (ASTL) Set to Release Quarterly Earnings on Wednesday

Algoma Steel Group (NASDAQ:ASTL) is expected to announce 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 may review the information on the company’s upcoming Q3 2026 earnings results 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 released its quarterly earnings results 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 company 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 Down 0.5%

ASTL opened at $4.11 on Wednesday. The firm’s fifty day simple moving average is $4.29 and its two-hundred day simple moving average is $4.44. Algoma Steel Group has a 52-week low of $3.16 and a 52-week high of $5.90. The company has a quick ratio of 1.35, a current ratio of 2.49 and a debt-to-equity ratio of 2.85.

Analyst Ratings Changes

Several equities research analysts recently issued reports on ASTL shares. Royal Bank Of Canada reiterated a “sector perform” rating on shares of Algoma Steel Group in a report on Monday, September 28th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Algoma Steel Group in a research report on Monday, September 21st. Finally, Wall Street Zen lowered shares of Algoma Steel Group from a “sell” rating to a “strong sell” rating in a research report on Saturday, September 26th. Three equities research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Reduce”.

Algoma Steel Group Company Profile

Algoma Steel Group Inc is a Canadian integrated steel producer headquartered in Sault Ste. Marie, Ontario. Through its primary steelmaking and rolling operations, the company produces steel products used by customers in the automotive, construction, manufacturing, energy and transportation industries.

Algoma’s product portfolio includes hot-rolled steel sheet, cold-rolled steel sheet, galvanized steel and steel plate. Its operations include iron and steel production, casting and finishing facilities, enabling the company to supply a range of flat-rolled and specialty steel products to North American markets.

The company traces its history to the establishment of Algoma Steel in 1901.