A-Mark Precious Metals: Q2 Earnings Insights
Portfolio Pulse from Benzinga Insights
A-Mark Precious Metals (NASDAQ:AMRK) reported Q2 earnings with an EPS of $0.57, missing estimates by 27.85% against an expected $0.79. Revenue increased by $129.29 million from the same period last year. The company's past earnings performance shows a pattern of missing EPS estimates, which previously led to a 6.79% drop in share price the following day.
February 06, 2024 | 9:35 pm
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A-Mark Precious Metals reported a significant miss in Q2 earnings with an EPS of $0.57 against an estimate of $0.79, and a revenue increase from the previous year.
Given A-Mark Precious Metals' history of share price decline following missed earnings estimates, as seen in the last quarter with a 6.79% drop, it's likely that this earnings miss could lead to a short-term negative impact on AMRK's stock price. The significant miss in EPS and the pattern of not meeting expectations could decrease investor confidence.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100