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

ARC Document Solutions

03/11/2023 16:59

* ARC Document Solutions Inc  ARC.N  reported quarterly
adjusted
earnings of 7 cents​​ per share for the quarter ended in
September, 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. 
    * Revenue fell 2.8% to $71.06 million from a year ago;
analysts
expected $71.94 million. 
    * ARC Document Solutions Inc's reported EPS for the quarter
was 7
cents​.
    * The company reported quarterly net income of $3.17
million.
    * ARC Document Solutions Inc shares had fallen by 9.4% this
quarter and lost 1.7% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 5.9%
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 $5.40 
This summary was machine generated from LSEG data November 3 at
04:59 p.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 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
 Dec. 31 2022      0.06           0.06           Met