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

Argan

06/12/2023 22:02

* Argan Inc  AGX.N  reported quarterly adjusted earnings of
40
cents​​ per share for the quarter ended in October, lower than
the same quarter last year, when the company reported EPS of 56
cents.  The mean expectation of two analysts for the quarter was
for earnings of 88 cents per share. 
    * Revenue rose 38.9% to $163.76 million from a year ago;
analysts
expected $162.70 million. 
    * Argan Inc shares had risen by 4.5% this quarter and
gained 29.0%
so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 8.6%
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." 
    * Wall Street's median 12-month price target for Argan Inc
is
$53.50 

This summary was machine generated from LSEG data December 6 at
10:01 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
 Oct. 31 2023      0.88           0.40           Missed
 Jul. 31 2023      0.75           0.94           Beat
 Apr. 30 2023      0.36           0.16           Missed
 Jan. 31 2023      0.71           1.00           Beat