MT.AS ArcelorMittal (EURONEXT) €47.17 intraday 02 Feb 2026: earnings Feb 5 may steer trend
MT.AS stock trades at €47.17 intraday on EURONEXT after a +3.13% move as markets price in ArcelorMittal S.A.’s 2026 earnings due 05 Feb 2026. Today’s rise follows a gap open at €44.42 and a session high of €47.32, with volume near 723,282 shares. Investors will watch EPS, shipment trends and margin guidance closely; these items are likely to determine short-term direction and set expectations for FY2026 performance.
MT.AS stock intraday snapshot and price action
ArcelorMittal S.A. (MT.AS) is trading on EURONEXT at €47.17, up €1.43 or 3.13% from the previous close of €45.74. The day range is €44.31–€47.32 and year range is €20.54–€48.11. Volume today is 723,282 versus a 50-day average of 1,847,266, indicating selective participation. Key moving averages are 50-day €39.70 and 200-day €31.93, both comfortably below the current price which supports a bullish near-term bias.
Earnings spotlight: what markets expect on 05 Feb 2026
MT.AS earnings due 05 Feb 2026 are the immediate catalyst; ArcelorMittal reports after the market close. Analysts will focus on EPS versus the trailing EPS €2.84, margins and volume trends in Europe and the Americas. Management commentary on pricing, iron ore and energy costs will drive revisions to FY guidance. A beat on EPS and margin expansion could support a move toward resistance near €50.00; a miss would likely test support at the 50-day average.
Fundamentals and valuation: PE, cash flow and balance sheet
ArcelorMittal posts a PE of 16.19 and market capitalisation of €34.97B with EPS €2.84. Price-to-book sits near 0.77 and dividend yield is about 1.03%. Debt-to-equity is 0.27 and interest coverage about 6.79, reflecting a manageable leverage profile for the cyclical steel sector. Enterprise value to EBITDA is 10.07, below many peers and below the Basic Materials sector average PE 27.64, suggesting value if cyclicals firm.
Meyka AI rates MT.AS with a score out of 100
Meyka AI rates MT.AS with a score out of 100: 69.82 (Grade B) — HOLD. This grade factors in S&P 500 benchmark comparison, sector performance, financial growth, key metrics, and analyst consensus. The grade reflects strong earnings recovery and balance sheet strength, offset by cyclical demand and volatile commodity exposure. These grades are not guaranteed and are for informational purposes only.
Technical picture and realistic price targets
Technicals show momentum: RSI 64.36, ADX 32.68 (strong trend) and a positive MACD histogram. Short-term support cluster lies at the 50-day €39.70 and €44.31 intraday low. Near resistance sits at €48.11 (year high) and a realistic short-term price target is €50.00. Meyka AI’s forecast model projects a monthly target €48.50 and a yearly target €63.13, useful for scenario planning. Use tight risk controls around earnings volatility.
Risks, catalysts and sector context
Key catalysts: an earnings beat, stronger steel prices, improved mining margins and positive guidance from management. Primary risks: weaker construction demand in Europe, volatile iron ore and energy costs, and geopolitical trade disruptions. The Basic Materials sector is cyclical; MT.AS’ lower PE versus sector average indicates valuation support but also exposure to commodity swings. See latest market commentary at Investing.com and a revenue review at StockAnalysis.
Final Thoughts
Short-term the market is focused on MT.AS stock ahead of ArcelorMittal’s earnings on 05 Feb 2026; today’s intraday price €47.17 reflects positive sentiment but limited volume 723,282. Fundamentals show a reasonable PE 16.19, strong book value and manageable leverage, while technicals support an immediate resistance near €48.11–€50.00. Meyka AI’s forecast model projects a yearly target of €63.13, implying an upside of 33.85% from the current price, and a monthly target of €48.50, implying 2.82% upside. Forecasts are model-based projections and not guarantees. Traders may position for earnings volatility; longer-term investors should weigh cyclicality, energy costs and global steel demand before adjusting exposure. For a quick stock profile see our internal page at https://meyka.ai/stocks/MT.AS for live updates from our AI-powered market analysis platform.
FAQs
When does ArcelorMittal (MT.AS stock) report earnings?
ArcelorMittal reports earnings on 05 Feb 2026 after market close. Expect commentary on EPS, steel shipments and margin outlook; these items will set short-term price direction for MT.AS stock.
What are the main valuation metrics for MT.AS stock?
MT.AS trades at PE 16.19, price-to-book near 0.77, and EV/EBITDA 10.07. Dividend yield is approximately 1.03%. These metrics reflect cyclical value but depend on commodity and demand cycles.
What upside does Meyka AI see for MT.AS stock?
Meyka AI’s forecast projects a yearly target of €63.13, implying 33.85% upside versus the current €47.17. Monthly projection €48.50 implies 2.82% upside. Forecasts are model-based and not guarantees.
What are the biggest risks to MT.AS stock after earnings?
Top risks include weaker steel demand in Europe, higher iron ore or energy costs, and negative guidance. Any EPS miss or weaker volume outlook can push MT.AS stock below the 50-day average quickly.
Disclaimer:
Stock markets involve risks. This content is for informational purposes only. Past performance does not guarantee future results. Meyka AI PTY LTD provides market analysis and data insights, not financial advice. Always conduct your own research and consider consulting a licensed financial advisor.