Ramaco Resources Q2 EPS $0.17 Misses $0.50 Estimate, Sales $137.47M Miss $145.02M Estimate
Portfolio Pulse from Benzinga Newsdesk
Ramaco Resources (NASDAQ:METC) reported Q2 earnings of $0.17 per share, missing the analyst consensus estimate of $0.50 by 66%. This is a 77.03% decrease from the same period last year. The company also reported quarterly sales of $137.47 million, missing the analyst consensus estimate of $145.02 million by 5.21%. This is a 0.86% decrease from the same period last year.
August 08, 2023 | 8:51 pm
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NEGATIVE IMPACT
Ramaco Resources' Q2 earnings and sales missed estimates, with a significant decrease YoY. This could negatively impact the company's stock price in the short term.
Ramaco Resources reported lower than expected earnings and sales for Q2, with a significant decrease compared to the same period last year. This could lead to a decrease in investor confidence and a potential drop in the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100