American Res Q1 2024 GAAP EPS $(0.03) Beats $(0.06) Estimate, Sales $94.019K Miss $100.000K Estimate
Portfolio Pulse from Benzinga Newsdesk
American Resources Corporation (NASDAQ: AREC) reported a Q1 2024 GAAP EPS of $(0.03), beating the analyst estimate of $(0.06). However, sales were $94.019K, missing the $100K estimate and showing a significant decrease from $8.868M in the same period last year.
May 21, 2024 | 8:16 pm
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American Resources Corporation (AREC) reported better-than-expected Q1 2024 EPS of $(0.03) but missed sales estimates with $94.019K, a significant YoY decline.
While the EPS beat expectations, the significant miss on sales and the drastic year-over-year decline in revenue are likely to negatively impact investor sentiment in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100