Alpha Metallurgical Q1 2024 GAAP EPS $9.59 Misses $10.82 Estimate, Sales $864.072M Beat $845.350M Estimate
Portfolio Pulse from Benzinga Newsdesk
Alpha Metallurgical reported Q1 2024 earnings of $9.59 per share, missing the $10.82 estimate, but sales of $864.072M exceeded the $845.350M forecast. This represents a 5.18% decrease in sales compared to the same period last year.

May 06, 2024 | 11:33 am
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NEUTRAL IMPACT
Alpha Metallurgical's Q1 2024 earnings missed EPS estimates but beat sales forecasts, with a year-over-year sales decrease.
The miss in EPS estimates could negatively impact investor sentiment, potentially putting downward pressure on AMR's stock price. However, the beat on sales forecasts and the fact that the sales decrease was already anticipated might mitigate the negative impact, leading to a neutral short-term price direction.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100