Sunday, August 1, 2021

Arch Resources Inc. [ARCH]: What to Expect when It Reports Earnings

Earnings from Arch Resources Inc. [ARCH] are scheduled on April 22, 2021, before the market opens. It is expected that the company will report strong earnings for the quarter ending Mar 2021.


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ARCH Stock Earnings Outlook For The Current Quarter

The consensus estimates for the quarter suggest that the company would earn -$0.41 per share on revenue of $320.27M. Taking a look at the future, the company is projected to report revenue of $353M at an earnings per share of $0.64 for the Jun 2021 quarter. The estimates represent year-over-year improvements of 3.80% in revenue and 101.60% in earnings per share for the company.

ARCH Stock Earnings Forecast For The Current Year


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For the full financial year, Arch Resources Inc. [NYSE:ARCH] is forecasted to generate revenue of $1.55B. The figure is about $80.0 million above what the company actually reported for the fiscal year 2020. In terms of EPS, it is estimated to be $4.21 in 2021, which is $12.84 higher than the figure in FY20. Based on current estimates, earnings are expected to grow 148.80% this year, 113.50% next year. With regard to sales, forecasts suggest an incline of 5.50% in current fiscal year and 3.80% over following year.

ARCH Stock Price Performance

At the close of Wednesday’s session, Arch Resources Inc. [NYSE:ARCH] finished up 1.61% at $48.00. The stock’s highest single-day price was $48.69, and its lowest was $47.21. Its price rose 1.39% in the last five days. Since the beginning of the year, Arch Resources Inc.’s shares are up nearly 9.66%. However, the share price is -18.48% below its one year high. The top price reached by the shares of the company was $58.88 on 02/24/21, while the 52-week low came on 03/25/21, when the shares were $39.02. In the past year, shares of the company have risen 70.88%. At 50 days, the moving average achieved is $46.92 while at 200 days, the moving average is $40.75. There were 0.2 million shares traded in the last session, down from 0.31 million in the previous session.

Arch Resources Inc. [NYSE:ARCH] Investors may find it helpful to look at historical price-sales ratios, and in the case of this stock, 0.50 PS value ratio is reported for the last one year of reported earnings. This is below the average return 1.01 for the industry, which means ARCH offers an attractive investment opportunity than its competitors do.

ARCH Share Price Support And Resistance Levels

Based on the daily chart, the immediate backing lies around the 48.00 level, and the violation of this level will cause a further drop to 47.24 level. At the upper end, 50.20 remains a key resistance. As the stock increases, it may find resistance at 49.45. In the 14-day chart, the Relative Strength Index standing at 56.87 suggests a technical neutral stance while the MACD standing at 2.33 indicates price will increase in the next trading period. Stochastic %K at 78.80% suggests holding the stock while Percent R indicator at 21.18% suggests bullish price movement.

How much is the short interest in Arch Resources Inc.?

There have been a drop in short interest in the Arch Resources Inc. Financial stock, with short interest down by -0.46 million shares to 3.3 million shares on Feb 25, 2021. According to data provided by Yahoo Finance, the short interest on Mar 30, 2021 stood at 2.84 million shares. This 13.94% increase suggests some bearish sentiment was experienced by the stock. Shorted shares accounted for just 18.93% of the overall float in the stock, while the stock’s days to cover moved to 7.76.

How do analysts view Arch Resources Inc.?

In regard to the share price forecast for Arch Resources Inc. stock, the analysts, as surveyed by FactSet, forecast the price to reach $57.00 in the next twelve months, representing almost an 15.79% growth from its recent price of $48.00. Among Arch Resources Inc. stock projections, $75.00 is the highest analyst target for the stock, while $50.00 is the lowest. Despite this, 6 analysts who share their consensus rating for ARCH in 2021 agree that the stock is an Overweight. The latest rating change took place on 10/23/20, when Benchmark Ratings launched coverage of the stock at “Buy” and assigned a price target of $54.0.

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