American Resources Corp (AREC, Financial) is set to release its Q3 2024 earnings on Nov 14, 2024. The consensus estimate for Q3 2024 revenue is $1.70 million, and the earnings are expected to come in at -$0.10 per share. The full year 2024's revenue is expected to be $13.30 million and the earnings are expected to be -$0.36 per share. More detailed estimate data can be found on the Forecast page.
American Resources Corp (AREC, Financial) Estimates Trends
Over the past 90 days, revenue estimates for American Resources Corp (AREC) for the full year 2024 have declined from $21.05 million to $13.30 million. For 2025, the revenue estimates have decreased from $122.25 million to $122.25 million. Earnings estimates for the full year 2024 have also been revised downward from -$0.25 per share to -$0.36 per share, and for 2025, earnings estimates have been adjusted from $0.21 per share to $0.13 per share.
American Resources Corp (AREC, Financial) Reported History
In the previous quarter of 2024-06-30, American Resources Corp's (AREC) actual revenue was $4.10 million, which beat analysts' revenue expectations of $2.05 million by 99.76%. American Resources Corp's (AREC) actual earnings were -$0.09 per share, which missed analysts' earnings expectations of -$0.07 per share by 28.57%. After releasing the results, American Resources Corp (AREC) was up by 14.45% in one day.
American Resources Corp (AREC, Financial) 12 Month Price Targets
Based on the one-year price targets offered by 3 analysts, the average target price for American Resources Corp (AREC) is $3.75 with a high estimate of $4 and a low estimate of $3.25. The average target implies an upside of 237.84% from the current price of $1.11.
Based on GuruFocus estimates, the estimated GF Value for American Resources Corp (AREC, Financial) in one year is $0.58, suggesting a downside of 47.75% from the current price of $1.11.
Based on the consensus recommendation from 3 brokerage firms, American Resources Corp's (AREC, Financial) average brokerage recommendation is currently 2.0, indicating an "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
