American Resources Corp expected to post a loss of 10 cents a share - Earnings Preview

Reuters11-09

American Resources Corp <arec.oq> expected to post a loss of 10 cents a share - Earnings Preview </arec.oq>

American Resources Corp AREC.OQ AREC.O is expected to show a fall in quarterly revenue when it reports results on November 14 for the period ending September 30 2024
The Fishers Indiana-based company is expected to report a 70.8% decrease in revenue to $1.7 million from $5.83 million a year ago, according to the mean estimate from 2 analysts, based on LSEG data.
LSEG's mean analyst estimate for American Resources Corp is for a loss of 10 cents per share.
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy," no "hold" and no "sell" or "strong sell."
The mean earnings estimate of analysts was unchanged in the last three months.
Wall Street's median 12-month price target for American Resources Corp is $4.00, above its last closing price of $1.02.

This summary was machine generated November 9 at 00:21 GMT. 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)

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