Ramaco Resources Inc reports results for the quarter ended in January - Earnings Summary

Ramaco Resources

08/08/2024 18:40

* Ramaco Resources Inc  METC.OQ  reported quarterly adjusted
earnings of 8 cents​​ per share for the quarter ended in
January, lower than the same quarter last year, when the company
reported EPS of 17 cents.  The mean expectation of
three analysts for the quarter was for a loss of one cent per
share. Wall Street expected results to range from -15 cents
to 12 cents per share.
    * Revenue rose 13% to $155.32 million from a year ago;
analysts
expected $150.23 million. 
    * Ramaco Resources Inc's reported EPS for the quarter was 8
cents​.
    * The company reported quarterly net income of $5.54
million.
    * Ramaco Resources Inc shares had fallen by 7.6% this
quarter and
lost 33.0% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 103.9% 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 3 "strong buy" or "buy," no
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the iron & steel
peer
group is also "buy"

Wall Street's median 12-month price target for Ramaco Resources
Inc is $21.00 
This summary was machine generated from LSEG data August 8 at
05:39 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
 Jan. 1 0001       -0.01          0.08           Beat
 Mar. 31 2024      0.33           0.05           Missed
 Dec. 31 2023      0.68           0.60           Missed
 Sep. 30 2023      0.44           0.45           Beat