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

Atlas Energy Solutions

06/05/2024 14:53

* Atlas Energy Solutions Inc  AESI.N  reported quarterly
adjusted
earnings of 26 cents​​ per share for the quarter ended in March,
higher than the same quarter last year, when the company
reported EPS of 3 cents.  The mean expectation of ten analysts
for the quarter was for earnings of 38 cents per share. Wall
Street expected results to range from 28 cents to 53 cents per
share.
    * Revenue rose 25.6% to $192.67 million from a year ago;
analysts
expected $203.38 million. 
    * Atlas Energy Solutions Inc's reported EPS for the quarter
was 26
cents​.
    * The company reported quarterly net income of $26.79
million.
    * Atlas Energy Solutions Inc shares had fallen by 2.9% this
quarter and gained 27.6% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 29.6%
in the last three months.​ 
    * In the last 30 days, three analysts negatively revised
earnings
estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 10 "strong buy" or "buy," no
"hold" and no "sell" or "strong sell." 
    * Wall Street's median 12-month price target for Atlas
Energy
Solutions Inc is $26.00 

This summary was machine generated from LSEG data May 6 at 01:52
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
 Mar. 31 2024      0.38           0.26           Missed
 Dec. 31 2023      0.55           0.36           Missed
 Sep. 30 2023      0.66           0.51           Missed
 Jun. 30 2023      0.66           0.67           Beat