Alpha Metallurgical Q3 2024 GAAP EPS $0.29 Misses $1.03 Estimate, Sales $671.897M Miss $672.950M Estimate
Portfolio Pulse from Benzinga Newsdesk
Alpha Metallurgical reported Q3 2024 earnings per share of $0.29, significantly missing the analyst estimate of $1.03. Sales were $671.897 million, slightly below the $672.950 million estimate, and down 9.43% from the previous year.
November 01, 2024 | 11:32 am
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NEGATIVE IMPACT
Alpha Metallurgical's Q3 2024 earnings per share of $0.29 missed the analyst estimate of $1.03 by a significant margin. Sales were also slightly below expectations and decreased compared to the previous year.
The significant miss on EPS compared to analyst expectations is likely to negatively impact the stock price in the short term. The slight miss on sales and the year-over-year decrease in sales further contribute to a negative outlook.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100