Stock Analysis
- United States
- /
- Metals and Mining
- /
- NYSE:ARCH
Arch Resources Second Quarter 2024 Earnings: Revenues Beat Expectations, EPS Lags
Arch Resources (NYSE:ARCH) Second Quarter 2024 Results
Key Financial Results
- Revenue: US$608.8m (down 20% from 2Q 2023).
- Net income: US$14.8m (down 81% from 2Q 2023).
- Profit margin: 2.4% (down from 10% in 2Q 2023). The decrease in margin was driven by lower revenue.
- EPS: US$0.82 (down from US$4.20 in 2Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Arch Resources Revenues Beat Expectations, EPS Falls Short
Revenue exceeded analyst estimates by 8.3%. Earnings per share (EPS) missed analyst estimates by 53%.
Looking ahead, revenue is forecast to stay flat during the next 3 years compared to a 5.2% growth forecast for the Metals and Mining industry in the US.
Performance of the American Metals and Mining industry.
The company's shares are down 6.2% from a week ago.
Valuation
If you are seeking undervalued stocks, our analysis of 6 valuation measures indicates Arch Resources could be a good place to look. To access our thorough examination of analyst consensus click here and discover the expected future direction of the company.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
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About NYSE:ARCH
Arch Resources
Engages in the production and sale of metallurgical products.
Very undervalued with flawless balance sheet and pays a dividend.
