Arch Resources Q1 2024 GAAP EPS $2.98 Misses $3.32 Estimate, Sales $680.190M Beat $596.592M Estimate
Portfolio Pulse from Benzinga Newsdesk
Arch Resources reported Q1 2024 earnings of $2.98 per share, missing the $3.32 estimate, but sales of $680.190M exceeded the $596.592M forecast, marking a 21.81% decrease from last year's same period.
April 25, 2024 | 10:58 am
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
Arch Resources missed EPS estimates but beat sales forecasts for Q1 2024, with a significant year-over-year sales decrease.
Missing the EPS estimate could negatively impact investor sentiment, but beating sales forecasts might offset this. The significant year-over-year sales decrease is concerning, but it's already reflected in the current report, indicating mixed short-term impacts.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100