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

Alpha Metallurgical Resources

02/11/2023 13:32

* Alpha Metallurgical Resources Inc  AMR.N  reported
quarterly
adjusted earnings of $6.65​​ per share for the quarter ended in
September, lower than the same quarter last year, when the
company reported EPS of $14.21.  The mean expectation of
two analysts for the quarter was for earnings of $6.46 per
share. Wall Street expected results to range from $6.42 
to $6.50 per share.
    * Revenue fell 14.7% to $741.82 million from a year ago;
analysts
expected $745.22 million. 
    * Alpha Metallurgical Resources Inc's reported EPS for the
quarter
was $6.65​.
    * The company reported quarterly net income of $93.81
million.
    * Alpha Metallurgical Resources Inc shares had fallen
by 14.0%
this quarter and gained 52.6% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 33.8%
in the last three months.​ 
    * In the last 30 days, two analysts negatively revised
earnings
estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 1 "strong buy" or "buy," 2
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the iron & steel
peer
group is also "hold"

Wall Street's median 12-month price target for Alpha
Metallurgical Resources Inc is $223.00 
This summary was machine generated from LSEG data November 2 at
01:32 p.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2023      6.46           6.65           Beat
 Jun. 30 2023      12.69          12.16          Missed
 Mar. 31 2023      14.13          17.01          Beat
 Dec. 31 2022      15.07          13.37          Missed