Ramaco Resources (METC) Reports Q2 Loss, Tops Revenue Estimates

Core Viewpoint - Ramaco Resources reported a quarterly loss of $0.29 per share, which was worse than the Zacks Consensus Estimate of a loss of $0.22, marking an earnings surprise of -31.82% [1] - The company has shown mixed performance in terms of revenue, with $152.96 million reported for the quarter, surpassing the consensus estimate by 18.31%, but down from $155.32 million a year ago [2] Financial Performance - The company has surpassed consensus EPS estimates three times over the last four quarters [2] - The current consensus EPS estimate for the upcoming quarter is -$0.08 on revenues of $174.19 million, and for the current fiscal year, it is -$0.49 on revenues of $615.13 million [7] Stock Performance - Ramaco Resources shares have increased by approximately 93.2% since the beginning of the year, significantly outperforming the S&P 500's gain of 8.2% [3] - The stock currently holds a Zacks Rank of 4 (Sell), indicating expectations of underperformance in the near future [6] Industry Outlook - The coal industry, to which Ramaco Resources belongs, is currently ranked in the bottom 13% of over 250 Zacks industries, suggesting a challenging environment [8] - The performance of Ramaco Resources may be influenced by the overall outlook of the coal industry [8] Competitor Insights - Warrior Met Coal, another company in the coal industry, is expected to report a quarterly loss of $0.28 per share, reflecting a year-over-year change of -120.7% [9] - Warrior Met Coal's revenues are anticipated to be $270.47 million, down 31.8% from the previous year [10]