American Resources Corp reports results for the quarter ended in December - Earnings Summary

American Resources

29/03/2024 05:02

* American Resources Corp  AREC.OQ  reported a quarterly
adjusted
loss of 14 cents​​ per share for the quarter ended in December,
higher than the same quarter last year, when the company
reported EPS of -17 cents.  The lone analyst forecast for the
quarter was for a loss of 4 cents per share. 
    * Revenue fell 98.6% to $66.40 thousand from a year ago;
analysts
expected $2.20 million. 
    * American Resources Corp's reported EPS for the quarter was
a
loss of 14 cents​.
    * The company reported a quarterly loss of $10.58 million.
    * American Resources Corp shares had fallen by 2.7% this
quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts was unchanged 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 2 "strong buy" or "buy," no
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the electrical
components & equipment peer group is also "buy"

Wall Street's median 12-month price target for American
Resources Corp is $4.13 
This summary was machine generated from LSEG data March 29 at
05:02 a.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      -0.04          -0.14          Missed
 Sep. 30 2023      -0.14          0.05           Beat
 Jun. 30 2023      -0.04          -0.01          Beat
 Mar. 31 2023      -0.06          -0.04          Beat