A-Mark Precious Metals (AMRK) Q2 Earnings Miss Estimates

Core Insights - A-Mark Precious Metals (AMRK) reported quarterly earnings of $0.55 per share, missing the Zacks Consensus Estimate of $0.86 per share, and down from $0.90 per share a year ago, representing an earnings surprise of -36.05% [1] - The company posted revenues of $2.74 billion for the quarter ended December 2024, exceeding the Zacks Consensus Estimate by 3.07%, and up from $2.08 billion year-over-year [2] - A-Mark has not surpassed consensus EPS estimates over the last four quarters, but has topped consensus revenue estimates three times during the same period [2] Earnings Outlook - The future performance of A-Mark's stock will largely depend on management's commentary during the earnings call and the company's earnings outlook [3][4] - Current consensus EPS estimate for the upcoming quarter is $0.97 on revenues of $2.85 billion, and for the current fiscal year, it is $3.54 on revenues of $11.26 billion [7] Industry Context - The Precious Metals and Jewels industry, to which A-Mark belongs, is currently ranked in the top 34% of over 250 Zacks industries, indicating a favorable outlook compared to the bottom 50% [8] - Empirical research suggests a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can be tracked by investors [5]