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

ARC Document Solutions

04/05/2023 24:11

* ARC Document Solutions Inc  ARC.N  reported quarterly
adjusted
earnings of 5 cents​​ per share for the quarter ended in March.
The mean expectation of two analysts for the quarter was
for earnings of 5 cents per share.
    * Revenue fell 0.8% to $68.92 million from a year ago;
analysts
expected $70.13 million. 
    * ARC Document Solutions Inc's reported EPS for the quarter
was 4
cents​.
    * The mean earnings estimate of analysts had risen by
about 25% in
the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company. 
    * ARC Document Solutions Inc shares had fallen by 2.5% this
quarter and gained 5.5% so far this year.
    * The company reported quarterly net income of $1.94
million.
    * Wall Street's median 12-month price target for ARC
Document
Solutions Inc is $5.25 
    * 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." 

This summary was machine generated from LSEG Refinitiv data May
3 at 11:11 p.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Mar. 31 2023      0.05           0.05           Met
 Dec. 31 2022      0.06           0.06           Met
 Sep. 30 2022      0.07           0.09           Beat
 Jun. 30 2022      0.07           0.08           Beat