Arch Resources Q2 EPS $4.04 Misses $6.28 Estimate, Sales $757.29M Beat $670.17M Estimate
Portfolio Pulse from Benzinga Newsdesk
Arch Resources reported Q2 earnings of $4.04 per share, missing the analyst consensus estimate of $6.28 by 35.67%. This is a 79.54% decrease from the same period last year. However, the company's quarterly sales of $757.29 million beat the analyst consensus estimate of $670.17 million by 13.00%, despite being a 33.16% decrease from last year.
July 27, 2023 | 10:58 am
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Arch Resources' Q2 earnings missed estimates by 35.67% and decreased 79.54% YoY. However, sales beat estimates by 13.00% but decreased 33.16% YoY.
Arch Resources' Q2 earnings missed the analyst consensus estimate by a significant margin and decreased significantly from the same period last year, which could negatively impact the stock price. However, the company's sales beat the analyst consensus estimate, which could provide some support to the stock price. The overall impact is likely to be negative due to the significant miss on earnings.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100