A-Mark Precious Metals Inc reports results for the quarter ended in June 30 - Earnings Summary
29/08/2024 22:01
* A-Mark Precious Metals Inc AMRK.OQ reported quarterly
adjusted
earnings of 59 cents per share for the quarter ended June 30,
lower than the same quarter last year, when the company reported
EPS of $1.71. The mean expectation of five analysts for the
quarter was for earnings of 69 cents per share. Wall Street
expected results to range from 50 cents to $1.04 per share.
* Revenue fell 20% to $2.52 billion from a year ago;
analysts
expected $2.72 billion.
* A-Mark Precious Metals Inc's reported EPS for the quarter
was
$1.20.
* The company reported quarterly net income of $28.64
million.
* A-Mark Precious Metals Inc shares had risen by 11.2% this
quarter and gained 18.9% so far this year.
FORECAST CHANGES
* The mean earnings estimate of analysts had risen by
about 0.2%
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 3 "strong buy" or "buy," 2
"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 40.00
This summary was machine generated from LSEG data August 29 at
09:01 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
Jun. 30 2024 0.69 0.59 Missed
Mar. 31 2024 0.69 0.21 Missed
Dec. 31 2023 0.79 0.57 Missed
Sep. 30 2023 1.06 0.77 Missed