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

American Resources

19/08/2024 22:51

* American Resources Corp  AREC.OQ  reported a quarterly
adjusted
loss of 9 cents​​ per share for the quarter ended in June, lower
than the same quarter last year, when the company reported EPS
of -1 cents.  The mean expectation of two analysts for the
quarter was for a loss of 7 cents per share. Wall Street
expected results to range from -9 cents to -5 cents per share.
    * Revenue rose 106.7% to $4.10 million from a year ago;
analysts
expected $2.05 million. 
    * American Resources Corp's reported EPS for the quarter was
a
loss of 9 cents​.
    * The company reported a quarterly loss of $6.62 million.
    * American Resources Corp shares had fallen by 15.2% this
quarter and lost 58.4% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 75%
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 3 "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 $4.00 
This summary was machine generated from LSEG data August 19 at
09:51 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      -0.07          -0.09          Missed
 Mar. 31 2024      -0.06          -0.03          Beat
 Dec. 31 2023      -0.04          -0.14          Missed
 Sep. 30 2023      -0.14          0.05           Beat