ArcelorMittal stock faces Q3 test as analysts see $1.97 billion EBITDA
Published on 11/04/2026 at 04:03 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSAnalysts Set Expectations Ahead
- ArcelorMittal will publish third-quarter results on Thursday, November 5, 2026.
- The consensus covers estimates from 12 sell-side brokers.
- The adjusted forecast excludes anticipated non-cash charges linked to the idling of Kryvyi Rih in Ukraine.
ArcelorMittal said on Monday, November 2, 2026, that it had published sell-side expectations ahead of its third-quarter results. The figures point to a closely watched earnings release on Thursday, November 5, with the investor and analyst call scheduled for 15:00 GMT, or 16:00 CET.
Consensus Sets Thursday's Test
The consensus compiled by Visible Alpha covers estimates from 12 brokers. Analysts expect third-quarter EBITDA of 1.972 billion US dollars, adjusted net income of 652 million US dollars and adjusted earnings per share of 0.84 US dollars.
ArcelorMittal said the adjusted net income and earnings-per-share figures exclude anticipated non-cash charges related to the idling of its Kryvyi Rih operation in Ukraine. The company had announced the planned charges on September 25, making the treatment of the impairment a central point when investors compare the published results with the adjusted estimates.
Results Put Steel Demand In Focus
The figures are estimates rather than company guidance. ArcelorMittal said the participating analysts follow the group independently and that the company did not collect or compile the forecasts. The company also noted that the consensus is based on estimates dated October 30.
The upcoming release should give investors a fresh read on steel demand across automotive, engineering, construction and machinery customers, as well as on the contribution from the group's mining operations. The company sells flat and long steel products, pipes and tubes, iron ore and coal across a broad international footprint.
ArcelorMittal operates as an integrated steel and mining group across Europe, the Americas, Asia and Africa. It competes with major producers including Nippon Steel, POSCO Holdings and Nucor, while its combination of steelmaking and mining gives it a broader geographic and raw-material profile than more regionally focused peers.
ArcelorMittal at a Glance
- Company: ArcelorMittal S.A.
- ISIN: LU1598757687
- Headquarters: Luxembourg City, Luxembourg
- Sector: Basic Materials
- Industry: Steel
- Results date: Thursday, November 5, 2026
Broader developments affecting European equities and industrial companies are covered in Current market reports.
Further company information and investor updates are available on the ArcelorMittal stock topic page.
