ARC Document Solutions Inc reports results for the quarter ended in December - Earnings Summary

ARC Document Solutions

29/02/2024 20:07

* ARC Document Solutions Inc  ARC.N  reported quarterly
adjusted
earnings of 5 cents​​ per share for the quarter ended in
December, lower than the same quarter last year, when the
company reported EPS of 6 cents.  The mean expectation of
two analysts for the quarter was for earnings of 6 cents per
share. Wall Street expected results to range from 4 cents to 7
cents per share.
    * Revenue rose 0.1% to $68.88 million from a year ago;
analysts
expected $67.63 million. 
    * ARC Document Solutions Inc's reported EPS for the quarter
was a
loss of 2 cents​.
    * The company reported a quarterly loss of $888 thousand.
    * ARC Document Solutions Inc shares had fallen by 17.7% 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
"strong buy"
and the breakdown of recommendations is 1 "strong buy" or
"buy," no "hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the commercial
printing
services peer group is also "strong buy"

Wall Street's median 12-month price target for ARC Document
Solutions Inc is $5.35 
This summary was machine generated from LSEG data February 29 at
08:06 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
 Dec. 31 2023      0.06           0.05           Missed
 Sep. 30 2023      0.08           0.07           Missed
 Jun. 30 2023      0.08           0.09           Beat
 Mar. 31 2023      0.05           0.05           Met