Recap: American Res Q4 Earnings
Portfolio Pulse from Benzinga Insights
American Res (NASDAQ:AREC) reported Q4 earnings with an EPS of $-0.15, missing estimates by -275.0% against an expected $-0.04. Revenue decreased by $4.62 million from the previous year. Despite a positive performance in the previous quarter leading to a 31.0% share price increase, this quarter's results were disappointing.
March 28, 2024 | 9:45 pm
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American Res reported a significant miss in Q4 earnings with an EPS of $-0.15 against an estimate of $-0.04, and a revenue decrease of $4.62M from last year.
The significant miss in both earnings and revenue compared to estimates and the previous year's performance is likely to negatively impact investor sentiment and the stock price in the short term. Historical data shows that past earnings performance had a direct correlation with stock price movement, indicating a high likelihood of a negative reaction to this earnings report.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100