MT Earnings
Thursday, Apr 30 2026
EPS Estimate
$0.71
$0.66 – $0.77
Revenue Estimate
$16.1B
Current Price
$60.94
Our Position
bullish€1.8B green steel bet locks in decades of margin
structured data
est. revisions rising
(+3.0pp / 30d)
These investments lock ArcelorMittal into premium pricing for low-carbon steel while competitors lag in capex. Government co-funding (50% of Dunkirk) compresses returns on capital and subsidizes the transition—de facto hedging against future carbon regulation. The secured electricity contract removes price volatility, the single biggest margin risk for EAF operators.
Watch: Watch Q1 2026 results for early performance of the Mardyck unit and its margin profile versus traditional steel—this proves the economics before the 2029 Dunkirk ramp. Any delay signals execution risk or cost overruns that could pressure returns.
Data Signal Summary
0 bullish
3 bearish
Estimates down -17%
Put/call 1.7 (bearish skew)
Price downtrend
Key Context
Analyst Consensus
mixed
Price Trend
downtrend
From 52w High
-2.4%
P/E Ratio
15.2
Est. Revisions (30d)
-16.8% 0up/1dn
Analyst Target (mean)
$63 $50–$77 +3%
Options P/C Ratio
1.69
Est. Dispersion
34% 3 analysts
Recent Activity
analyst ratings
1 rating
Wells Fargo
→Equal-Weight
5d ago
Explore more
