We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Arch Resources (ARCH) to Post Q2 Earnings: What's in Store?
Read MoreHide Full Article
Arch Resources (ARCH - Free Report) is scheduled to release second-quarter 2024 results on Jul 25, before market open. The company delivered an earnings surprise of 6.8% in the last reported quarter.
Let’s discuss the factors that are likely to be reflected in the upcoming quarterly results.
Factors to Consider
Arch Resources’ West Elk mine continues to operate efficiently and might have generated a solid cash margin for the to-be-reported quarter.
The company is expected to continue to benefit from its ongoing share repurchases. This must have had a positive impact on the company's earnings per share.
During the months of April and May 2024, ARCH experienced logistical disruption, blocking shipping access to Baltimore Harbor. This was due to the tragic collapse of the Francis Scott Key Bridge on Mar 26, that closed the harbor and prevented the movement of two ARCH export vessels. The duration of this logistical disruption was beyond the company’s control, and this might have negatively impacted its export shipment volume of coking coal and increased logistics costs in the to-be-reported quarter.
Q2 Expectations
The Zacks Consensus Estimate for earnings is pegged at $1.26 per share, indicating a year-over-year decrease of 68.8%.
The Zacks Consensus Estimate for revenues is pinned at $496 million, indicating a deterioration of 34.5% year over year.
What Our Quantitative Model Predicts
Our proven model does not conclusively predict an earnings beat for Arch Resources this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), #2 (Buy) or #3 (Hold) increases the odds of an earnings beat. That is not the case here, as you will see below.
Earnings ESP: The company’s Earnings ESP is 0.00%. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Zacks Rank: Currently, Arch Resources has a Zacks Rank #1.
Investors may consider the following players from the same sector as these have the right combination of elements to come up with an earnings beat this reporting cycle.
CNX Resources (CNX - Free Report) is expected to come up with an earnings beat when it reports second-quarter results on Jul 25, before market open. It has an Earnings ESP of +6.21% and a Zacks Rank #3 at present.
The Zacks Consensus Estimate for earnings has decreased 6.9% to 27 cents per share in the past 30 days. CNX delivered an average earnings surprise of 58.1% in the last four quarters.
Plains All American Pipeline (PAA - Free Report) is likely to come up with an earnings beat when it announces second-quarter results on Aug 2, before market open. It has an Earnings ESP of +2.25% and a Zacks Rank #2 at present.
The Zacks Consensus Estimate for earnings has increased 26.9% to 33 cents per unit in the past 60 days. The firm delivered an average earnings surprise of 20.1% in the last four quarters.
Energy Transfer (ET - Free Report) is expected to post an earnings beat when it announces second-quarter results on Aug 7, after market close. It has an Earnings ESP of +12.36% and a Zacks Rank #2 at present.
The Zacks Consensus Estimate for earnings has increased 5.9% to 36 cents per unit in the past 60 days. The firm delivered an average earnings surprise of 1.7% in the last four quarters.
Image: Bigstock
Arch Resources (ARCH) to Post Q2 Earnings: What's in Store?
Arch Resources (ARCH - Free Report) is scheduled to release second-quarter 2024 results on Jul 25, before market open. The company delivered an earnings surprise of 6.8% in the last reported quarter.
Let’s discuss the factors that are likely to be reflected in the upcoming quarterly results.
Factors to Consider
Arch Resources’ West Elk mine continues to operate efficiently and might have generated a solid cash margin for the to-be-reported quarter.
The company is expected to continue to benefit from its ongoing share repurchases. This must have had a positive impact on the company's earnings per share.
During the months of April and May 2024, ARCH experienced logistical disruption, blocking shipping access to Baltimore Harbor. This was due to the tragic collapse of the Francis Scott Key Bridge on Mar 26, that closed the harbor and prevented the movement of two ARCH export vessels. The duration of this logistical disruption was beyond the company’s control, and this might have negatively impacted its export shipment volume of coking coal and increased logistics costs in the to-be-reported quarter.
Q2 Expectations
The Zacks Consensus Estimate for earnings is pegged at $1.26 per share, indicating a year-over-year decrease of 68.8%.
The Zacks Consensus Estimate for revenues is pinned at $496 million, indicating a deterioration of 34.5% year over year.
What Our Quantitative Model Predicts
Our proven model does not conclusively predict an earnings beat for Arch Resources this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), #2 (Buy) or #3 (Hold) increases the odds of an earnings beat. That is not the case here, as you will see below.
Arch Resources Inc. Price and EPS Surprise
Arch Resources Inc. price-eps-surprise | Arch Resources Inc. Quote
Earnings ESP: The company’s Earnings ESP is 0.00%. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Zacks Rank: Currently, Arch Resources has a Zacks Rank #1.
You can see the complete list of today's Zacks #1 Rank stocks here.
Stocks to Consider
Investors may consider the following players from the same sector as these have the right combination of elements to come up with an earnings beat this reporting cycle.
CNX Resources (CNX - Free Report) is expected to come up with an earnings beat when it reports second-quarter results on Jul 25, before market open. It has an Earnings ESP of +6.21% and a Zacks Rank #3 at present.
The Zacks Consensus Estimate for earnings has decreased 6.9% to 27 cents per share in the past 30 days. CNX delivered an average earnings surprise of 58.1% in the last four quarters.
Plains All American Pipeline (PAA - Free Report) is likely to come up with an earnings beat when it announces second-quarter results on Aug 2, before market open. It has an Earnings ESP of +2.25% and a Zacks Rank #2 at present.
The Zacks Consensus Estimate for earnings has increased 26.9% to 33 cents per unit in the past 60 days. The firm delivered an average earnings surprise of 20.1% in the last four quarters.
Energy Transfer (ET - Free Report) is expected to post an earnings beat when it announces second-quarter results on Aug 7, after market close. It has an Earnings ESP of +12.36% and a Zacks Rank #2 at present.
The Zacks Consensus Estimate for earnings has increased 5.9% to 36 cents per unit in the past 60 days. The firm delivered an average earnings surprise of 1.7% in the last four quarters.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.