* Arch Resources Inc reported quarterly adjusted earnings of 41 cents per share for the quarter ended September 30, lower than the same quarter last year, when the company reported EPS of $3.91. The mean expectation of five analysts for the quarter was for earnings of $1.83 per share. Wall Street expected results to range from $1.38 to $2.52 per share.
* Revenue fell 17% to $617.90 million from a year ago; analysts expected $587.71 million.
* Arch Resources Inc's reported EPS for the quarter was a loss of 34 cents.
* The company reported a quarterly loss of $6.22 million.
* Arch Resources Inc shares had risen by 2.9% this quarter and lost 14.3% so far this year.
FORECAST CHANGES
* The mean earnings estimate of analysts had fallen by about 49.8% 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 4 "strong buy" or "buy," 2 "hold" and no "sell" or "strong sell."
* The average consensus recommendation for the coal peer group is also "buy"
Wall Street's median 12-month price target for Arch Resources Inc is $167.50 This summary was machine generated from LSEG data November 6 at 04:45 a.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
Sep. 30 2024 1.83 0.41 Missed
Jun. 30 2024 1.65 0.81 Missed
Mar. 31 2024 3.49 2.98 Missed
Dec. 31 2023 7.35 6.07 Missed
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