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A-Mark Precious Metals Inc reports results for the quarter ended in June 30 - Earnings Summary
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A-Mark Precious Metals Inc reports results for the quarter ended in June 30 - Earnings Summary
  • A-Mark Precious Metals Inc AMRK.OQ reported quarterly adjusted earnings of 59 cents​​ per share for the quarter ended June 30, lower than the same quarter last year, when the company reported EPS of $1.71. The mean expectation of five analysts for the quarter was for earnings of 69 cents per share. Wall Street expected results to range from 50 cents to $1.04 per share.

  • Revenue fell 20% to $2.52 billion from a year ago; analysts expected $2.72 billion.

  • A-Mark Precious Metals Inc's reported EPS for the quarter was $1.20​.

  • The company reported quarterly income of $28.64 million.

  • A-Mark Precious Metals Inc shares had risen by 11.2% this quarter and gained 18.9% so far this year.

FORECAST CHANGES

  • The mean earnings estimate of analysts had risen by about 0.2% in the last three months.​

  • In the last 30 days, there have been earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

  • The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy," 2 "hold" and "sell" or "strong sell."

  • The average consensus recommendation for the -gold precious metals & minerals peer group is also "buy"

Wall Street's median 12-month price target for A-Mark Precious Metals Inc is 40.00

This summary was machine generated from LSEG data August 29 at 09:01 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)

QUARTER ENDING

ESTIMATE

ACTUAL

BEAT, MET, MISSED

Jun. 30 2024

0.69

0.59

Missed

Mar. 31 2024

0.69

0.21

Missed

Dec. 31 2023

0.79

0.57

Missed

Sep. 30 2023

1.06

0.77

Missed

Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.
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