RE: Algoma Steel Group Inc Price Target Raised to C$17.50/ShareLooks like Stelco & Algoma may be getting an unwarranted SP boost from the excellent earnings performances of Nucore & Steel Dynamics.
Here's an interesting comparison:
4th Q Data:
Nucore EPS $4.89 (beat consensus by 71 cents per share)
SP performance since reporting - up 13.9%
Steel Dynamics EPS $4.37 (beat consensus by 77 cents per share)
SP performance since reporting - up 24.3%
Stelco EPS $.55 (missed consensus by 40 cents per share)
SP performance since reporting - up 16.6%
Algoma EPS $(-.64) (missed consensus by 18 cents per share)
SP performance since reporting - up 22.8%
Seems to defy logic.