REX American Resources Q3 EPS $1.49 Beats $0.68 Estimate, Sales $221.08M Beat $205.99M Estimate
Portfolio Pulse from Benzinga Newsdesk
REX American Resources reported Q3 earnings of $1.49 per share, surpassing the $0.68 estimate by 119.12%, and a 727.78% increase from $0.18 per share last year. Sales reached $221.08M, exceeding the $205.99M estimate by 7.33%, and marking a 0.36% increase from $220.28M in the same period last year.
November 30, 2023 | 12:02 pm
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POSITIVE IMPACT
REX American Resources significantly exceeded Q3 EPS and sales estimates, with a substantial year-over-year earnings increase.
REX American Resources' substantial beat on both earnings per share and sales estimates is likely to be viewed positively by investors, potentially leading to a short-term increase in stock price. The impressive year-over-year growth in earnings per share indicates significant improvement in the company's profitability, which could further bolster investor confidence.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100