A-Mark Precious Metals (AMRK) Lags Q3 Earnings Estimates

Company Performance - A-Mark Precious Metals (AMRK) reported quarterly earnings of $0.24 per share, missing the Zacks Consensus Estimate of $0.78 per share, and down from $0.49 per share a year ago, representing an earnings surprise of -69.23% [1] - The company posted revenues of $3.01 billion for the quarter ended March 2025, surpassing the Zacks Consensus Estimate by 12.36%, compared to year-ago revenues of $2.61 billion [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] Stock Performance - A-Mark shares have declined approximately 11.9% since the beginning of the year, while the S&P 500 has decreased by -4.7% [3] - The current consensus EPS estimate for the upcoming quarter is $0.87 on revenues of $2.86 billion, and for the current fiscal year, it is $2.83 on revenues of $11 billion [7] Industry Outlook - The Precious Metals and Jewels industry, to which A-Mark belongs, is currently ranked in the top 39% of over 250 Zacks industries, indicating a favorable outlook compared to the bottom 50% [8] - Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions, suggesting that the industry outlook can significantly impact stock performance [5][8]