Ramaco Resources Q1 2024 GAAP EPS $0.23 Misses $0.55 Estimate, Sales $172.676M Miss $173.611M Estimate
Portfolio Pulse from Benzinga Newsdesk
Ramaco Resources (NASDAQ:METCB) reported Q1 2024 earnings of $0.23 per share, missing the consensus estimate of $0.55 by 58.18%. Sales were $172.676M, slightly below the estimate of $173.611M, marking a 3.80% increase from the previous year.
May 08, 2024 | 11:24 pm
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Ramaco Resources reported lower-than-expected Q1 2024 earnings and sales, missing EPS estimates by 58.18% and sales estimates slightly by 0.54%, though sales increased 3.80% year-over-year.
Missing both EPS and sales estimates significantly, especially the EPS by 58.18%, is likely to negatively impact investor sentiment and could lead to a short-term decrease in stock price. However, the year-over-year sales growth may provide some buffer against a steep decline.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100