Algoma Steel Group (NASDAQ:ASTL) Announces Earnings Results, Misses Estimates By $2.43 EPS

Algoma Steel Group (NASDAQ:ASTL) posted its quarterly earnings data on Wednesday. The company reported ($2.11) earnings per share for the quarter, missing the consensus estimate of $0.32 by ($2.43), Zacks reports. The firm had revenue of $331.33 million for the quarter, compared to the consensus estimate of $474.30 million. Algoma Steel Group had a negative return on equity of 15.13% and a negative net margin of 31.27%.

Algoma Steel Group Price Performance

Shares of ASTL stock traded down $0.42 on Thursday, hitting $3.92. 2,003,865 shares of the company’s stock were exchanged, compared to its average volume of 1,455,677. The company has a 50 day moving average of $4.49 and a 200 day moving average of $4.28. The stock has a market cap of $411.08 million, a P/E ratio of -0.83 and a beta of 1.54. The company has a debt-to-equity ratio of 0.72, a current ratio of 2.29 and a quick ratio of 0.76. Algoma Steel Group has a 12 month low of $3.02 and a 12 month high of $7.24.

Trending Headlines about Algoma Steel Group

Here are the key news stories impacting Algoma Steel Group this week:

• Positive Sentiment: Management completed the blast-furnace shutdown and fully transitioned to electric-arc-furnace (EAF) steelmaking — a strategic shift that should lower long-term cost and emissions profile and align Algoma with industry trends. Algoma Steel Group Inc. Reports Financial Results (GlobeNewswire)
• Positive Sentiment: Some sell-side coverage still implies upside — recent published price-target data show a median target near $6, indicating at least some analysts see recovery potential post-transition. QuiverQuant: ASTL Stock Falls on Q3 2026 Earnings
• Neutral Sentiment: The company filed official results and commentary for the three- and twelve-month periods ended Dec. 31, 2025 — the release reiterates expectations around the EAF transition and provides the full financial detail investors will parse for guidance and cash forecasts. Algoma Steel Group Inc. Reports Financial Results (Finanznachrichten)
• Negative Sentiment: Quarterly results missed expectations sharply — EPS of ($2.11) vs. a $0.32 consensus and revenue ~$331M vs. ~$474M consensus — a large earnings and revenue miss that explains immediate selling pressure. Zacks: ASTL Reports Q4 Loss, Lags Revenue Estimates
• Negative Sentiment: The quarter showed a large GAAP loss (reported C$364.7M) and rising costs (tariffs, higher cost of sales), plus a sharp drop in cash and a heavier liability base — factors that increase near-term financial risk and pressure sentiment. MSN: Algoma Steel’s fourth quarter loss widens
• Negative Sentiment: Zacks downgraded the stock from “strong-buy” to “hold” ahead of the report, adding downward pressure on sentiment and reducing a near-term catalyst from that research source. Zacks Research

Wall Street Analyst Weigh In

Several research firms have commented on ASTL. Zacks Research lowered shares of Algoma Steel Group from a “strong-buy” rating to a “hold” rating in a report on Monday. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Algoma Steel Group in a report on Monday, December 29th. Finally, Jefferies Financial Group assumed coverage on shares of Algoma Steel Group in a research report on Friday, January 2nd. They set a “hold” rating on the stock. Five investment analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Reduce”.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of ASTL. Raymond James Financial Inc. bought a new position in shares of Algoma Steel Group in the second quarter worth about $32,000. Element Pointe Advisors LLC bought a new stake in shares of Algoma Steel Group during the 4th quarter valued at approximately $41,000. Federation des caisses Desjardins du Quebec increased its position in Algoma Steel Group by 101.6% during the 4th quarter. Federation des caisses Desjardins du Quebec now owns 17,860 shares of the company’s stock worth $73,000 after purchasing an additional 9,000 shares in the last quarter. Lighthouse Investment Partners LLC acquired a new position in Algoma Steel Group during the 3rd quarter worth approximately $79,000. Finally, FIL Ltd bought a new position in Algoma Steel Group in the 4th quarter valued at approximately $85,000. Institutional investors and hedge funds own 72.00% of the company’s stock.

Algoma Steel Group Company Profile

Algoma Steel Group Inc is a North American steel producer headquartered in Sault Ste. Marie, Ontario. The company operates a modern electric arc furnace (EAF) complex and an integrated rolling mill, enabling it to transform scrap and direct reduced iron into a wide range of steel products. Algoma Steel Group returned to public markets in 2021 with listings on both the Toronto Stock Exchange and the Nasdaq under the symbol ASTL.

Founded in 1901 as Algoma Steel Corporation, the company grew to become one of Canada’s leading steelmakers before undergoing restructuring in the early 2000s.