Warrior Met Coal Q1 2024 Adj EPS $2.63 Misses $2.75 Estimate, Sales $503.512M Beat $476.593M Estimate
Portfolio Pulse from Benzinga Newsdesk
Warrior Met Coal (NYSE:HCC) reported Q1 2024 adjusted EPS of $2.63, missing the $2.75 estimate, and sales of $503.512M, beating the $476.593M estimate. This represents a 29.87% decrease in EPS and a 1.21% decrease in sales from the same period last year.
May 01, 2024 | 8:59 pm
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NEGATIVE IMPACT
Warrior Met Coal reported a Q1 2024 adjusted EPS of $2.63, missing estimates, and sales of $503.512M, exceeding expectations. EPS decreased by 29.87% and sales by 1.21% year-over-year.
Missing the EPS estimate while beating sales forecasts presents a mixed financial picture for Warrior Met Coal. The significant decrease in EPS year-over-year is likely to concern investors, potentially leading to a negative short-term impact on HCC's stock price. However, the beat on sales estimates might offset some of the negative sentiment.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100