Alpha Metallurgical Q3 GAAP EPS $6.65 Beats $6.46 Estimate, Sales $741.82M Miss $745.21M Estimate
Portfolio Pulse from Benzinga Newsdesk
Alpha Metallurgical (NYSE:AMR) reported Q3 earnings of $6.65 per share, beating the analyst consensus estimate of $6.46 by 2.94%. However, this is a 53.2% decrease from the same period last year. The company's quarterly sales of $741.82 million missed the analyst consensus estimate of $745.21 million by 0.45%, marking a 14.71% decrease from the same period last year.
November 02, 2023 | 11:34 am
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NEGATIVE IMPACT
Alpha Metallurgical's Q3 earnings beat estimates but are significantly down YoY. Sales also missed estimates and are down YoY.
Alpha Metallurgical's earnings beat estimates, which is positive. However, the significant YoY decrease in earnings and sales, as well as the missed sales estimate, could negatively impact investor sentiment and the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100