Warrior Met Coal Inc reports results for the quarter ended in March - Earnings Summary

Warrior Met Coal

02/05/2024 13:58

* Warrior Met Coal Inc  HCC.N  reported quarterly adjusted
earnings of $2.63​​ per share for the quarter ended in March,
lower than the same quarter last year, when the company reported
EPS of $3.57.  The mean expectation of seven analysts for the
quarter was for earnings of $2.75 per share. Wall Street
expected results to range from $2.56  to $2.98 per share.
    * Revenue fell 1.2% to $503.51 million from a year ago;
analysts
expected $476.59 million. 
    * Warrior Met Coal Inc's reported EPS for the quarter was
$2.62​.
    * The company reported quarterly net income of $136.99
million.
    * Warrior Met Coal Inc shares had risen by 11.9% this
quarter and
gained 12.4% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 8.7%
in the last three months.​ 
    * In the last 30 days, three analysts negatively revised
earnings
estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 3 "strong buy" or "buy," 4
"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 Warrior Met Coal
Inc is $72.50 
This summary was machine generated from LSEG data May 2 at 12:58
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
 Mar. 31 2024      2.75           2.63           Missed
 Dec. 31 2023      2.50           2.49           Missed
 Sep. 30 2023      1.40           1.85           Beat
 Jun. 30 2023      1.94           1.63           Missed