Ramaco Resources (NASDAQ:METC) Third Quarter 2024 Results

Key Financial Results

• Revenue: US$167.4m (down 11% from 3Q 2023).
• Net loss: US$239.0k (down by 101% from US$18.7m profit in 3Q 2023).
• US$0.005 loss per share (down from US$0.37 profit in 3Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Ramaco Resources Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 7.0%. Earnings per share (EPS) missed analyst estimates.

Looking ahead, revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 5.4% growth forecast for the Metals and Mining industry in the US.

Performance of the American Metals and Mining industry.

The company's shares are up 18% from a week ago.

Risk Analysis

You should learn about the 2 warning signs we've spotted with Ramaco Resources.

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