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

Alpha Metallurgical Resources

05/08/2024 15:22

* Alpha Metallurgical Resources Inc  AMR.N  reported
quarterly
adjusted earnings of $4.49​​ per share for the quarter ended in
June, lower than the same quarter last year, when the company
reported EPS of $12.16.  The mean expectation of two analysts
for the quarter was for earnings of $4.46 per share. Wall Street
expected results to range from $4.20  to $4.71 per share.
    * Revenue fell 6.3% to $803.97 million from a year ago;
analysts
expected $733.05 million. 
    * Alpha Metallurgical Resources Inc's reported EPS for the
quarter
was $4.49​.
    * The company reported quarterly net income of $58.91
million.
    * Alpha Metallurgical Resources Inc shares had fallen
by 7.1% this
quarter and lost 23.1% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 27.8%
in the last three months.​ 
    * In the last 30 days, there have been no negative revisions
of
earnings estimates

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 $374.00 
This summary was machine generated from LSEG data August 5 at
02:21 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
 Jun. 30 2024      4.46           4.49           Beat
 Mar. 31 2024      10.83          9.59           Missed
 Dec. 31 2023      9.08           13.06          Beat
 Sep. 30 2023      6.46           6.65           Beat