Ramaco Resources (METC) Reports Q3 Loss, Tops Revenue Estimates

Company Performance - Ramaco Resources reported a quarterly loss of $0.03 per share, better than the Zacks Consensus Estimate of a loss of$ 0.12, and a significant decline from earnings of $0.45 per share a year ago, indicating an earnings surprise of 75% [1] - The company posted revenues of$ 167.41 million for the quarter ended September 2024, surpassing the Zacks Consensus Estimate by 12.57%, but down from $186.97 million year-over-year [2] - Over the last four quarters, Ramaco Resources has surpassed consensus EPS estimates two times and topped consensus revenue estimates four times [2] Stock Performance - Ramaco Resources shares have declined approximately 41.2% since the beginning of the year, contrasting with the S&P 500's gain of 20.1% [3] - The current Zacks Rank for Ramaco Resources is 4 (Sell), indicating expectations of underperformance in the near future [6] Future Outlook - The consensus EPS estimate for the upcoming quarter is$ 0.01 on revenues of $187.47 million, and for the current fiscal year, it is$ 0.88 on revenues of $693.59 million [7] - The outlook for the coal industry, where Ramaco Resources operates, is currently in the top 30% of Zacks industries, suggesting potential for better performance compared to lower-ranked industries [8]