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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About NYSE:ARCH
Arch Resources
Engages in the production and sale of metallurgical products.