REX American Resources Corp reports results for the quarter ended in April - Earnings Summary

REX American Resources

22/05/2024 14:52

* REX American Resources Corp  REX.N  reported quarterly
adjusted
earnings of 58 cents​​ per share for the quarter ended in April,
higher than the same quarter last year, when the company
reported EPS of 30 cents.  The mean expectation of two analysts
for the quarter was for earnings of 40 cents per share. Wall
Street expected results to range from 31 cents to 49 cents per
share.
    * Revenue fell 24.2% to $161.23 million from a year ago;
analysts
expected $165.29 million. 
    * REX American Resources Corp's reported EPS for the quarter
was
58 cents​.
    * The company reported quarterly net income of $10.19
million.
    * REX American Resources Corp shares had fallen by 4.3% this
quarter and gained 18.8% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 10.2%
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
"strong buy"
and the breakdown of recommendations is 2 "strong buy" or
"buy," no "hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the renewable
fuels
peer group is  "buy."

Wall Street's median 12-month price target for REX American
Resources Corp is $67.25 
This summary was machine generated from LSEG data May 22 at
01:51 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
 Apr. 30 2024      0.40           0.58           Beat
 Jan. 31 2024      0.68           1.16           Beat
 Oct. 31 2023      0.69           1.49           Beat
 Jul. 31 2023      0.66           0.52           Missed