MT will be looking to display strength as it nears its next earnings release. In that report, analysts expect MT to post earnings of $1.57 per share. This would mark year-over-year growth of 361.67%. Our most recent consensus estimate is calling for quarterly revenue of $15.96 billion, up 7.54% from the year-ago period.
MT's full-year Zacks Consensus Estimates are calling for earnings of $5.64 per share and revenue of $59.64 billion. These results would represent year-over-year changes of +832.47% and +11.96%, respectively.
Any recent changes to analyst estimates for MT should also be noted by investors. These revisions help to show the ever-changing nature of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Within the past 30 days, our consensus EPS projection has moved 19.28% higher. MT is currently sporting a Zacks Rank of #1 (Strong Buy).
Looking at its valuation, MT is holding a Forward P/E ratio of 5.37. This valuation marks a discount compared to its industry's average Forward P/E of 9.39.