Argan Inc reports results for the quarter ended October 31 - Earnings Summary

Argan

05/12/2024 22:01

* Argan Inc  AGX.N  reported quarterly adjusted earnings of
$2.00​​ per share for the quarter ended October 31, higher than
the same quarter last year, when the company reported EPS of 40
cents.  The mean expectation of two analysts for the quarter was
for earnings of $1.26 per share. Wall Street expected results to
range from $1.24  to $1.28 per share.
    * Revenue rose 56.9% to $257.01 million from a year ago;
analysts
expected $205.60 million. 
    * Argan Inc's reported EPS for the quarter was $2.00​.
    * The company reported quarterly net income of $28.01
million.
    * Argan Inc shares had risen by 46.9% this quarter and
gained 218.4% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 13% 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
$110.00 
This summary was machine generated from LSEG data December 5 at
10:00 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 2024      1.26           2.00           Beat
 Jul. 31 2024      0.97           1.31           Beat
 Apr. 30 2024      0.52           0.58           Beat
 Jan. 31 2024      0.75           0.89           Beat