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

American Resources

16/08/2023 03:26

* American Resources Corp  AREC.OQ  reported a quarterly
adjusted
loss of 1 cent​​ per share for the quarter ended in June. The
lone analyst forecast for the quarter was for a loss of 4 cents
per share.
    * Revenue fell 87.8% to $1.98 million from a year ago;
analysts
expected $18.30 million. 
    * American Resources Corp's reported EPS for the quarter was
a
loss of 1 cent​.
    * The mean earnings estimate of analysts had fallen by
about 300%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company. 
    * American Resources Corp shares had fallen by 11.2% this
quarter and gained 31.8% so far this year.
    * The company reported a quarterly loss of $999.93 thousand.
    * Wall Street's median 12-month price target for American
Resources Corp is $4.25 
    * 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." 

This summary was machine generated from LSEG Refinitiv data
August 16 at 02:26 a.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      -0.04          -0.01          Beat
 Mar. 31 2023      -0.06          -0.04          Beat
 Dec. 31 2022      -0.03          -0.17          Missed
 Sep. 30 2022      -0.03          -0.08          Missed