A Look Ahead: Arch Resources's Earnings Forecast

Arch Resources (NYSE:ARCH) will release its quarterly earnings report on Tuesday, 2024-11-05. Here's a brief overview for investors ahead of the announcement.

Analysts anticipate Arch Resources to report an earnings per share (EPS) of $2.85.

The market awaits Arch Resources's announcement, with hopes high for news of surpassing estimates and providing upbeat guidance for the next quarter.

It's important for new investors to understand that guidance can be a significant driver of stock prices.

Performance in Previous Earnings

The company's EPS missed by $0.84 in the last quarter, leading to a 0.98% increase in the share price on the following day.

Here's a look at Arch Resources's past performance and the resulting price change:

Quarter

Q2 2024

Q1 2024

Q4 2023

Q3 2023

EPS Estimate

1.65

3.49

7.35

3.47

EPS Actual

0.81

2.98

6.07

3.91

Price Change %

1.0%

-1.0%

-4.0%

1.0%

Arch Resources Share Price Analysis

Shares of Arch Resources were trading at $144.0 as of November 01. Over the last 52-week period, shares are up 0.85%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release.

Analysts' Take on Arch Resources

For investors, grasping market sentiments and expectations in the industry is vital. This analysis explores the latest insights regarding Arch Resources.

The consensus rating for Arch Resources is Buy, based on 1 analyst ratings. With an average one-year price target of $188.0, there's a ...