Arch Resources Inc reports results for the quarter ended in September 30 - Earnings Summary

Arch Resources

06/11/2024 04:45

* Arch Resources Inc  ARCH.N  reported quarterly adjusted
earnings
of 41 cents​​ per share for the quarter ended September 30,
lower than the same quarter last year, when the company reported
EPS of $3.91.  The mean expectation of five analysts for the
quarter was for earnings of $1.83 per share. Wall Street
expected results to range from $1.38  to $2.52 per share.
    * Revenue fell 17% to $617.90 million from a year ago;
analysts
expected $587.71 million. 
    * Arch Resources Inc's reported EPS for the quarter was a
loss
of 34 cents​.
    * The company reported a quarterly loss of $6.22 million.
    * Arch Resources Inc shares had risen by 2.9% this
quarter and
lost 14.3% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 49.8%
in the last three months.​ 
    * In the last 30 days, three analysts negatively revised
earnings
estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 4 "strong buy" or "buy," 2
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the coal peer
group is
also "buy"

Wall Street's median 12-month price target for Arch Resources
Inc is $167.50 
This summary was machine generated from LSEG data November 6 at
04:45 a.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
 Sep. 30 2024      1.83           0.41           Missed
 Jun. 30 2024      1.65           0.81           Missed
 Mar. 31 2024      3.49           2.98           Missed
 Dec. 31 2023      7.35           6.07           Missed