American Res Q4 2023 GAAP EPS $(0.15) Misses $(0.04) Estimate, Sales $66.404K Miss $2.200M Estimate
Portfolio Pulse from Benzinga Newsdesk
American Res (NASDAQ:AREC) reported Q4 2023 GAAP EPS of $(0.15), missing the $(0.04) estimate, with sales of $66.404K significantly below the $2.200M estimate. This represents a 98.58% decrease in sales compared to the same period last year.

March 28, 2024 | 9:44 pm
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NEGATIVE IMPACT
American Res reported significant misses in both EPS and sales for Q4 2023, with a drastic year-over-year sales decrease.
The significant miss in both earnings per share and sales compared to analyst estimates, coupled with a substantial year-over-year decrease in sales, is likely to negatively impact investor sentiment and the stock price of American Res in the short term. The magnitude of the miss and the comparison to the previous year's performance highlight operational and possibly market challenges the company is facing, which could lead to decreased investor confidence.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100