Atlas Energy Solutions Inc reports results for the quarter ended in January 1 - Earnings Summary

Atlas Energy Solutions

29/10/2024 20:58

* Atlas Energy Solutions Inc  AESI.N  reported quarterly
adjusted
earnings of 4 cents​​ per share for the quarter ended January 1,
lower than the same quarter last year, when the company reported
EPS of 51 cents.  The mean expectation of eleven analysts for
the quarter was for earnings of 24 cents per share. Wall Street
expected results to range from 13 cents to 41 cents per share.
    * Revenue rose 93.1% to $304.43 million from a year ago;
analysts
expected $308.29 million. 
    * Atlas Energy Solutions Inc's reported EPS for the quarter
was 4
cents​.
    * The company reported quarterly net income of $3.92
million.
    * Atlas Energy Solutions Inc shares had fallen by 8.2% this
quarter and gained 16.3% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 57%
in the last three months.​ 
    * In the last 30 days, nine analysts negatively revised
earnings
estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 11 "strong buy" or "buy," no
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the construction
materials peer group is also "buy"

Wall Street's median 12-month price target for Atlas Energy
Solutions Inc is $24.00 
This summary was machine generated from LSEG data October 29 at
08:57 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
 Sep. 30 2024      0.24           0.04           Missed
 Jun. 30 2024      0.33           0.21           Missed
 Mar. 31 2024      0.38           0.26           Missed
 Dec. 31 2023      0.55           0.36           Missed