* Argan Inc 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 16 cents. The mean expectation of two analysts for the quarter was for earnings of 52 cents per share. Wall Street expected results to range from 50 cents to 54 cents per share.
* Revenue rose 52.1% to $157.68 million from a year ago; analysts expected $134.75 million.
* Argan Inc's reported EPS for the quarter was 58 cents.
* The company reported quarterly net income of $7.88 million.
* Argan Inc shares had risen by 36.3% this quarter and gained 47.2% so far this year.
FORECAST CHANGES
* The mean earnings estimate of analysts had fallen by about 27.8% in the last three months.
* In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.
RECOMMENDATIONS
* The current average analyst rating on the shares is "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 construction & engineering peer group is also "buy"
Wall Street's median 12-month price target for Argan Inc is $65.00 This summary was machine generated from LSEG data June 6 at 09:51 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 0.52 0.58 Beat
Jan. 31 2024 0.75 0.89 Beat
Oct. 31 2023 0.88 0.40 Missed
Jul. 31 2023 0.75 0.94 Beat
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