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

REX American Resources

27/08/2024 14:51

* REX American Resources Corp  REX.N  reported quarterly
adjusted
earnings of 70 cents​​ per share for the quarter ended in July,
higher than the same quarter last year, when the company
reported EPS of 52 cents.  The mean expectation of two analysts
for the quarter was for earnings of 70 cents per share. Wall
Street expected results to range from 70 cents to 70 cents per
share.
    * Revenue fell 30.1% to $148.16 million from a year ago;
analysts
expected $148.91 million. 
    * REX American Resources Corp's reported EPS for the quarter
was
70 cents​.
    * The company reported quarterly net income of $12.38
million.
    * REX American Resources Corp shares had risen by 4.2% this
quarter and gained 0.4% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 28.1%
in the last three months.​ 
    * In the last 30 days, there have been no negative revisions
of
earnings estimates

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 $62.25 
This summary was machine generated from LSEG data August 27 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
 Jul. 31 2024      0.70           0.70           Met
 Apr. 30 2024      0.40           0.58           Beat
 Jan. 31 2024      0.68           1.16           Beat
 Oct. 31 2023      0.69           1.49           Beat