Argan Inc reports results for the quarter ended in April - Earnings Summary

Argan

06/06/2024 22:51

* Argan Inc  AGX.N  reported quarterly adjusted earnings of
58
cents​​ per share for the quarter ended in April, higher than
the same quarter last year, when the company reported EPS of 16
cents.  The mean expectation of two analysts for the quarter was
for earnings of 52 cents per share. Wall Street expected
results to range from 50 cents to 54 cents per share.
    * Revenue rose 52.1% to $157.68 million from a year ago;
analysts
expected $134.75 million. 
    * Argan Inc's reported EPS for the quarter was 58 cents​.
    * The company reported quarterly net income of $7.88
million.
    * Argan Inc shares had risen by 36.3% this quarter and
gained 47.2% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 27.8%
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 "buy"
and
the breakdown of recommendations is 2 "strong buy" or "buy," no
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the construction
&
engineering peer group is also "buy"

Wall Street's median 12-month price target for Argan Inc is
$65.00 
This summary was machine generated from LSEG data June 6 at
09:51 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
 Apr. 30 2024      0.52           0.58           Beat
 Jan. 31 2024      0.75           0.89           Beat
 Oct. 31 2023      0.88           0.40           Missed
 Jul. 31 2023      0.75           0.94           Beat