A-Mark Precious Metals Inc reports results for the quarter ended in December - Earnings Summary

Gold.com

06/02/2024 22:01

* A-Mark Precious Metals Inc  AMRK.OQ  reported quarterly
adjusted
earnings of 57 cents​​ per share for the quarter ended in
December, lower than the same quarter last year, when the
company reported EPS of $1.35.  The mean expectation of
four analysts for the quarter was for earnings of 79 cents per
share. Wall Street expected results to range from 75 cents to 84
cents per share.
    * Revenue rose 6.6% to $2.08 billion from a year ago;
analysts
expected $2.24 billion. 
    * A-Mark Precious Metals Inc's reported EPS for the quarter
was 57
cents​.
    * The company reported quarterly net income of $13.77
million.
    * A-Mark Precious Metals Inc shares had fallen by 11.9% this
quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 39.8%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 4 "strong buy" or "buy," no
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the non-gold
precious
metals & minerals peer group is also "buy"

Wall Street's median 12-month price target for A-Mark Precious
Metals Inc is $40.50 
This summary was machine generated from LSEG data February 6 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
 Dec. 31 2023      0.79           0.57           Missed
 Sep. 30 2023      1.06           0.77           Missed
 Jun. 30 2023      1.44           1.71           Beat
 Mar. 31 2023      1.16           1.46           Beat