Ramaco Resources Inc reports results for the quarter ended in January 1 - Earnings Summary

Ramaco Resources

05/11/2024 07:45

* Ramaco Resources Inc  METC.OQ  reported a quarterly
adjusted
loss of 3 cents​​ per share for the quarter ended January 1,
lower than the same quarter last year, when the company reported
EPS of 45 cents.  The mean expectation of three analysts for the
quarter was for a loss of 2 cents per share. Wall Street
expected results to range from -12 cents to 6 cents per share.
    * Revenue fell 10.5% to $167.41 million from a year ago;
analysts
expected $156.41 million. 
    * Ramaco Resources Inc's reported EPS for the quarter was a
loss
of 3 cents​.
    * The company reported a quarterly loss of $239 thousand.
    * Ramaco Resources Inc shares had fallen by 13.2% this
quarter and
lost 40.9% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 103.6% 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 19.00 
This summary was machine generated from LSEG data November 5 at
07:45 a.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      -0.02          -0.03          Missed
 Jun. 30 2024      -0.01          0.08           Beat
 Mar. 31 2024      0.33           0.05           Missed
 Dec. 31 2023      0.68           0.60           Missed