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Arch Resources (ARCH) to Report Q3 Earnings: What's in Store?
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Arch Resources (ARCH - Free Report) is scheduled to release third-quarter 2023 earnings on Oct 26, before market open. In the last quarter, this firm reported a negative earnings surprise of 30.6%.
Let’s see how things have shaped up before the upcoming earnings announcement.
Factors to Note
Arch Resources’ coking coal sales are expected to remain in line with the previous quarter despite a softer demand environment. However, challenges at the first Longwall district at its Leer South mine might have adversely impacted revenues in the short term.
The shipments from Arch Resources’ Powder River Basin operations are expected to have remained strong during the quarter.
Expectations
The Zacks Consensus Estimate for third-quarter revenues and earnings per share is pegged at $608 million and $3.26, respectively. The bottom-line figure indicates a decrease of 62.4% from a year ago.
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, which is not the case here. You can see the complete list of today's Zacks #1 Rank stocks here.
Earnings ESP: Arch Resources’ 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 carries a Zacks Rank #2.
Stocks to Consider
Investors can consider the following players from the same sector that have the right combination of elements to post an earnings beat for the to-be-reported quarter.
California Resources Corp. (CRC - Free Report) is slated to report third-quarter 2023 results on Nov 1, after market close. It has an Earnings ESP of +22.05% and presently sports a Zacks Rank of 1.
Murphy Oil Corp. (MUR - Free Report) is set to report third-quarter 2023 numbers on Nov 2, before market open. It has an Earnings ESP of +1.77% and a Zacks Rank of 2.
Devon Energy Corp. (DVN - Free Report) is scheduled to release third-quarter 2023 results on Nov 7, after market close. It has an Earnings ESP of +2.27% and a Zacks Rank of 2.
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Arch Resources (ARCH) to Report Q3 Earnings: What's in Store?
Arch Resources (ARCH - Free Report) is scheduled to release third-quarter 2023 earnings on Oct 26, before market open. In the last quarter, this firm reported a negative earnings surprise of 30.6%.
Let’s see how things have shaped up before the upcoming earnings announcement.
Factors to Note
Arch Resources’ coking coal sales are expected to remain in line with the previous quarter despite a softer demand environment. However, challenges at the first Longwall district at its Leer South mine might have adversely impacted revenues in the short term.
The shipments from Arch Resources’ Powder River Basin operations are expected to have remained strong during the quarter.
Expectations
The Zacks Consensus Estimate for third-quarter revenues and earnings per share is pegged at $608 million and $3.26, respectively. The bottom-line figure indicates a decrease of 62.4% from a year ago.
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, which is not the case here. You can see the complete list of today's Zacks #1 Rank stocks here.
Arch Resources Inc. Price and EPS Surprise
Arch Resources Inc. price-eps-surprise | Arch Resources Inc. Quote
Earnings ESP: Arch Resources’ 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 carries a Zacks Rank #2.
Stocks to Consider
Investors can consider the following players from the same sector that have the right combination of elements to post an earnings beat for the to-be-reported quarter.
California Resources Corp. (CRC - Free Report) is slated to report third-quarter 2023 results on Nov 1, after market close. It has an Earnings ESP of +22.05% and presently sports a Zacks Rank of 1.
Murphy Oil Corp. (MUR - Free Report) is set to report third-quarter 2023 numbers on Nov 2, before market open. It has an Earnings ESP of +1.77% and a Zacks Rank of 2.
Devon Energy Corp. (DVN - Free Report) is scheduled to release third-quarter 2023 results on Nov 7, after market close. It has an Earnings ESP of +2.27% and a Zacks Rank of 2.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.