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Arch Resources(ARCH) - 2024 Q1 - Quarterly Report
2024-04-25 19:16
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 10-Q (Mark One) ☒ Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the quarterly period ended March 31, 2024 or ☐ Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the transition period from to . Commission file number: 1-13105 Arch Resources, Inc. (Exact name of registrant as specified in its charter) Delaware 43-0921172 (State or ...
Arch Resources (ARCH) Q1 Earnings & Revenues Beat Estimates
Zacks Investment Research· 2024-04-25 18:26
Arch Resources (ARCH) reported first-quarter 2024 operating earnings per share of $2.98, which surpassed the Zacks Consensus Estimate of $2.79 by 6.8%. However, the bottom line declined from the year-ago quarter’s figure of $10.02.RevenuesTotal revenues were $680 million, which beat the Zacks Consensus Estimate of $551 million by 24.5%. However, the top line decreased 21.8% from $870 million in the year-ago quarter.Segment DetailsIn the Metallurgical segment, ARCH sold 2.2 million tons of coal, which was on ...
Arch Resources(ARCH) - 2024 Q1 - Earnings Call Transcript
2024-04-25 17:51
Arch Resources, Inc. (NYSE:ARCH) Q1 2024 Earnings Conference Call April 25, 2024 10:00 AM ET Company Participants Deck Slone - SVP, Strategy Paul Lang - CEO John Drexler - COO Matthew Giljum - CFO Conference Call Participants Lucas Pipes - B. Riley Securities Nathan Martin - Benchmark Company Katja Jancic - BMO Capital Markets Michael Dudas - Vertical Research Operator Good morning, ladies and gentlemen, and welcome to the Arch Resources Incorporated First Quarter 2024 Earnings Call Conference Call. [Operat ...
Arch Resources (ARCH) Q1 Earnings and Revenues Surpass Estimates
Zacks Investment Research· 2024-04-25 13:05
Arch Resources (ARCH) came out with quarterly earnings of $2.98 per share, beating the Zacks Consensus Estimate of $2.79 per share. This compares to earnings of $10.02 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 6.81%. A quarter ago, it was expected that this coal producer would post earnings of $6.90 per share when it actually produced earnings of $6.07, delivering a surprise of -12.03%.Over the last four quarters, the co ...
Arch Resources(ARCH) - 2024 Q1 - Quarterly Results
2024-04-25 11:10
Exhibit 99.1 NEWS RELEASE Investor Relations 314/994-2916 FOR IMMEDIATE RELEASE Arch Resources Reports First Quarter 2024 Results Achieves net income of $56.0 million and adjusted EBITDA of $102.9 million Declares a quarterly cash dividend of $20.7 million, or $1.11 per share Reduces diluted share count by an incremental 3 percent during the quarter ST. LOUIS, April 25, 2024 – Arch Resources, Inc. (NYSE: ARCH) today reported net income of $56.0 million, or $2.98 per diluted share, in the first quarter of 20 ...
Arch Resources (ARCH) to Report Q1 Earnings: What's in Store?
Zacks Investment Research· 2024-04-24 13:20
Arch Resources (ARCH) is scheduled to release first-quarter 2024 results on Apr 25, before market open. The company delivered a negative earnings surprise of 12% in the last reported quarter.Let’s discuss the factors that are likely to be reflected in the upcoming quarterly results.Factors to ConsiderShipments from Arch Resources' Powder River Basin operations are expected to remain robust during the quarter, contributing to the company's overall performance.West Elk is likely to have continued to generate ...
Earnings Minefield: The 3 Stock Landmines to Avoid This Quarter
InvestorPlace· 2024-04-22 17:30
The past couple of weeks have been increasingly volatile for U.S. equities markets. The Nasdaq fell 3.55% last week, while the S&P500 had fallen 3.05%. On the one hand, U.S. equities have likely reached a short-term peak, as trading multiples have become stretched. Yet on the other hand, U.S. Federal Reserve officials and Fed Chairman Jerome Powell are sending disappointing signals. Rates are likely to be higher for longer since inflation has shown little signs of coming down in recent months. These two con ...
Analysts Estimate Arch Resources (ARCH) to Report a Decline in Earnings: What to Look Out for
Zacks Investment Research· 2024-04-18 15:08
Core Viewpoint - The market anticipates Arch Resources (ARCH) will report a significant year-over-year decline in earnings due to lower revenues, with the upcoming earnings report expected on April 25, 2024 [1][2]. Financial Expectations - The consensus estimate for Arch Resources' quarterly earnings is $2.79 per share, reflecting a year-over-year decrease of 72.2% [2]. - Expected revenues for the quarter are $551 million, which is a decline of 36.7% compared to the same quarter last year [2]. Estimate Revisions - Over the past 30 days, the consensus EPS estimate has been revised down by 69.6%, indicating a reassessment by analysts [2]. - The Most Accurate Estimate for Arch Resources aligns with the Zacks Consensus Estimate, resulting in an Earnings ESP of 0% [5]. Earnings Surprise Prediction - The Zacks Earnings ESP model suggests that a positive Earnings ESP is a strong predictor of an earnings beat, especially when combined with a favorable Zacks Rank [4]. - Arch Resources currently holds a Zacks Rank of 5, indicating a strong sell, which complicates the prediction of an earnings beat [5][6]. Historical Performance - In the last reported quarter, Arch Resources was expected to post earnings of $6.90 per share but only achieved $6.07, resulting in a surprise of -12.03% [7]. - Over the last four quarters, the company has only beaten consensus EPS estimates once [7]. Conclusion - Arch Resources does not appear to be a compelling candidate for an earnings beat based on current estimates and historical performance, suggesting investors should consider other factors before making investment decisions [8].
Goldilocks Investing: 7 Mid-Cap Stocks That Are Just Right
InvestorPlace· 2024-04-14 18:27
Group 1: Mid-Cap Stocks Overview - Mid-cap stocks offer a balance between stability and growth potential, making them attractive in uncertain market conditions [1] - Large-cap stocks provide stability for conservative investors, while small-cap stocks carry high volatility risks [1] Group 2: Valvoline (VVV) - Valvoline operates vehicle service centers and retail stores, primarily offering oil-change services, which may seem unexciting [2] - Despite a lackluster performance last fiscal year, analysts project significant growth for the current fiscal year, with revenue expected to reach $1.63 billion, a 13.2% increase from $1.44 billion [3] Group 3: Semtech (SMTC) - Semtech specializes in semiconductors, focusing on analog and mixed-signal products relevant to data centers and enterprise networks [5] - Analysts rate Semtech as a strong buy with an average price target of $38.31, anticipating sales to rise to $1.03 billion in the next fiscal year from $868.76 million [6] Group 4: Arch Resources (ARCH) - Arch Resources operates in the coking coal specialty, producing metallurgical products, and may benefit from rising electricity demand [7] - Despite a poor performance last fiscal year, analysts project a strong buy with a price target of $182, influenced by the power crisis [8] Group 5: Essential Utilities (WTRG) - Essential Utilities operates regulated utilities providing water, wastewater, and natural gas services, benefiting from a natural monopoly [9] - Analysts rate WTRG as a strong buy with a price target of $41.50, projecting earnings per share of $1.98 on revenue of $2.36 billion for the current fiscal year [10] Group 6: Wix (WIX) - Wix operates a cloud-based web development platform, benefiting from the rise of the gig economy [11] - Analysts rate Wix as a buy with an average price target of $157.29, projecting EPS of $4.84 on revenue of $1.75 billion for the current fiscal year [12] Group 7: Six Flags (SIX) - Six Flags is a popular theme park operator, facing challenges post-pandemic but could benefit from renewed interest in travel [13] - Analysts rate Six Flags as a strong buy with a price target of $29.63, projecting EPS of $1.79 and revenue of $1.51 billion for the current fiscal year [14] Group 8: Marriott Vacations (VAC) - Marriott Vacations develops and manages vacation ownership products, with potential upside if travel demand recovers [15] - Analysts rate VAC as a moderate buy with a price target of $109.57, projecting revenue of $4.8 billion for the current fiscal year, a 51.7% increase from $3.17 billion last year [16]
Industry Veteran George J. Schuller Jr. Joins Arch Resources as Senior Vice President and Chief Operating Officer
Prnewswire· 2024-03-19 12:00
ST. LOUIS, March 19, 2024 /PRNewswire/ -- Arch Resources, Inc. (NYSE: ARCH) today announced that George J. Schuller Jr., a highly regarded mining industry executive with decades of senior operational leadership experience, has joined the company as senior vice president and chief operating officer, effective immediately.  "We are extremely pleased that George has agreed to join the Arch team in this pivotal capacity and view him as a perfect fit with our sustainability-focused and results-driven culture," s ...