Ramaco Resources Q2 2024 Adj EPS $0.08 Beats $(0.01) Estimate, Sales $155.30M Beat $150.23M Estimate
Portfolio Pulse from Benzinga Newsdesk
Ramaco Resources (NASDAQ:METC) reported Q2 2024 adjusted EPS of $0.08, significantly beating the analyst estimate of $(0.01). The company also reported sales of $155.30 million, surpassing the $150.23 million estimate and marking a 12.97% increase from the same period last year.
August 07, 2024 | 8:52 pm
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Ramaco Resources (NASDAQ:METC) reported Q2 2024 adjusted EPS of $0.08, beating the analyst estimate of $(0.01) by 900%. Sales of $155.30 million also exceeded the $150.23 million estimate, showing a 12.97% increase from the same period last year.
The significant beat on both EPS and sales estimates, along with a notable year-over-year sales increase, is likely to positively impact METC's stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100