Arch Resources Inc reports results for the quarter ended in June - Earnings Summary

Arch Resources

28/07/2023 14:52

* Arch Resources Inc  ARCH.N  reported quarterly adjusted
earnings
of $4.04​​ per share for the quarter ended in June. The mean
expectation of five analysts for the quarter was for earnings of
$5.76 per share.
    * Revenue fell 33.2% to $757.29 million from a year ago;
analysts
expected $670.17 million. 
    * Arch Resources Inc's reported EPS for the quarter was
$4.04​.
    * The mean earnings estimate of analysts had fallen by
about 34.7%
in the last three months.​ 
    * In the last 30 days, four analysts negatively revised
earnings
estimates 
    * Arch Resources Inc shares had risen by 8.7% this
quarter and
lost 10.7% so far this year.
    * The company reported quarterly net income of $77.35
million.
    * Wall Street's median 12-month price target for Arch
Resources
Inc is $167.50 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 6 "strong buy" or "buy," no
"hold" and no "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data July
28 at 01:52 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      5.76           4.04           Missed
 Mar. 31 2023      10.31          10.02          Missed
 Dec. 31 2022      12.54          10.69          Missed
 Sep. 30 2022      9.61           8.68           Missed