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

Argan

11/04/2024 22:01

* Argan Inc  AGX.N  reported quarterly adjusted earnings of
89
cents​​ per share for the quarter ended in January, lower than
the same quarter last year, when the company reported EPS of
$1.00.  The mean expectation of two analysts for the quarter was
for earnings of 75 cents per share. Wall Street expected
results to range from 70 cents to 80 cents per share.
    * Revenue rose 38.5% to $164.55 million from a year ago;
analysts
expected $161.60 million. 
    * Argan Inc's reported EPS for the quarter was 89 cents​.
    * The company reported quarterly net income of $12.02
million.
    * Argan Inc shares had fallen by 2.0% this quarter and
gained 5.9%
so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts was unchanged 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
$54.50 
This summary was machine generated from LSEG data April 11 at
09:01 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
 Jan. 31 2024      0.75           0.89           Beat
 Oct. 31 2023      0.88           0.40           Missed
 Jul. 31 2023      0.75           0.94           Beat
 Apr. 30 2023      0.36           0.16           Missed