REX American Resources (NYSE: REX) has announced that it will be unveiling its second quarter financial results on Tuesday 27th August 2024. This announcement is set to occur before market open, allowing investors and analysts to gain valuable insights into the company's performance during the quarter.
According to the forecasts of financial experts on Wall Street, the firm is poised to announce an anticipated per share $0.44 profit for the quarter. Furthermore, the firm is expected to disclose a total revenue of $146 million for this specific period.
Examining the corresponding quarter from the previous year, the company's earnings report unveiled a income of $0.52 per share. This number was attributed to the company's total revenue, which settled at an impressive $211.98 million during the same period.
Financial analysts have shared their forecasts for the company's annual performance, indicating their belief that the company will achieve a total revenue of $622 million. Additionally, they predict that the earnings per share for the company will hit profit of $1.79 by the end of the fiscal year.
| Period | EPS Actual |
EPS Growth* |
Revenue Actual |
Revenue Growth* |
|---|---|---|---|---|
| Q1 2024 | $0.58 | +93.3% | 161.23 M | -24.2% |
| Q4 2023 | $1.16 | +146.8% | 187.61 M | -6.3% |
| Q3 2023 | $1.49 | +727.8% | 221.08 M | +0.4% |
| Q2 2023 | $0.52 | -17.5% | 211.98 M | -11.8% |
*Growth on year-over-year basis
REX will host a conference call with investment community on 27th August 2024 at 11:00 AM eastern time to discuss the financial results.
The previous trading day saw REX American Resources (REX) shares trading between $46.75 and $48.07, besides a volume of 131.60 thousand shares. The stock closed Friday's regular trading session at $47.72, indicating 3.72 percent rise.