Alpha Metallurgical Resources Inc reports results for the quarter ended in December - Earnings Summary

Alpha Metallurgical Resources

26/02/2024 14:31

* Alpha Metallurgical Resources Inc  AMR.N  reported
quarterly
adjusted earnings of $13.06​​ per share for the quarter ended in
December, lower than the same quarter last year, when the
company reported EPS of $13.37.  The mean expectation of
two analysts for the quarter was for earnings of $9.08 per
share. Wall Street expected results to range from $8.78 
to $9.37 per share.
    * Revenue rose 16.6% to $959.99 million from a year ago;
analysts
expected $796.65 million. 
    * Alpha Metallurgical Resources Inc's reported EPS for the
quarter
was $12.88​.
    * The company reported quarterly net income of $176.02
million.
    * Alpha Metallurgical Resources Inc shares had risen
by 15.0% this
quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 24.7%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 1 "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the iron & steel
peer
group is  "hold."

Wall Street's median 12-month price target for Alpha
Metallurgical Resources Inc is $399.00 
This summary was machine generated from LSEG data February 26 at
02:30 p.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2023      9.08           13.06          Beat
 Sep. 30 2023      6.46           6.65           Beat
 Jun. 30 2023      12.69          12.16          Missed
 Mar. 31 2023      14.13          17.01          Beat