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

ARC Document Solutions

08/08/2024 24:01

* ARC Document Solutions Inc  ARC.N  reported quarterly
adjusted
earnings of 8 cents​​ per share for the quarter ended in June,
lower than the same quarter last year, when the company reported
EPS of 9 cents.  The mean expectation of two analysts for the
quarter was for earnings of 8 cents per share. Wall Street
expected results to range from 7 cents to 8 cents per share.
    * Revenue rose 3.8% to $75.11 million from a year ago;
analysts
expected $72.91 million. 
    * ARC Document Solutions Inc's reported EPS for the quarter
was 7
cents​.
    * The company reported quarterly net income of $3.16
million.
    * ARC Document Solutions Inc shares had risen by 10.6% this
quarter and lost 11.0% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 6.3%
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 August 7 at
11:01 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      0.08           0.08           Met
 Mar. 31 2024      0.05           0.06           Beat
 Dec. 31 2023      0.06           0.05           Missed
 Sep. 30 2023      0.08           0.07           Missed