On January 29, 2024, Alliance Resource Partners (NASDAQ:ARLP) is set to release its latest quarterly earnings report. Analysts are predicting that the company will announce an earnings per share (EPS) of $1.14.
In the previous quarter, Alliance Resource Partners fell short of the EPS estimate by $0.10, resulting in a 0.0% decrease in the share price the following day.
Currently, the stock is trading at $22.145, and over the past year, shares have experienced a decline of 2.0%.
It’s worth noting that the impact on stock prices is not solely determined by whether a company surpasses or falls short of earnings expectations. Guidance and projected growth for the upcoming quarter also play a significant role. Therefore, investors will not only be scrutinizing the earnings report but also paying close attention to any guidance provided by Alliance Resource Partners.
ARLP Stock Analysis: Price Momentum, Trends, and Potential Upward Trend
On January 27, 2024, ARLP stock closed at $21.77, experiencing a decrease of $0.38 or a 1.69% drop since the market last closed. ARLP, which stands for Alliance Resource Partners LP, is a coal mining and production company. One important aspect to consider is the stock’s price momentum. ARLP’s current trading position in the middle of its 52-week range indicates that it is neither at its highest nor lowest point over the past year. Additionally, ARLP is trading above its 200-day simple moving average, suggesting a potential upward trend. However, on January 27, ARLP experienced a decline of $0.38 or 1.69% since the market last closed. Despite the drop in price during regular trading hours, ARLP saw a slight recovery in after-hours trading, rising by $0.31. Investors should conduct thorough research and consider various factors before making any decisions.
ARLP Stock Performance: Strong Growth in Total Revenue, Net Income, and EPS
On January 27, 2024, ARLP’s stock performance can be assessed by analyzing its total revenue, net income, and earnings per share (EPS) based on the provided information sourced from CNN Money.
Total revenue for ARLP in the past year was $2.41 billion, indicating a significant increase of 53.28% compared to the previous year. However, the total revenue remained flat since the last quarter, with the Q3 revenue reported at $636.52 million.
The net income for ARLP during the past year was $558.09 million, representing a substantial increase of 221.81% compared to the previous year. However, the net income experienced a decrease of 9.49% since the last quarter, with Q3’s net income reported at $149.63 million.
Earnings per share (EPS) for ARLP stood at $4.39 for the past year, showing an impressive increase of 221.81% compared to the previous year. However, the EPS experienced a decrease of 9.45% since the last quarter, with Q3’s EPS reported at $1.18.
Analyzing these figures, it is evident that ARLP has shown strong growth in terms of total revenue, net income, and EPS over the past year. The 53.28% increase in total revenue is a positive indicator of the company’s ability to generate higher sales.
The significant increase of 221.81% in net income and EPS since the previous year indicates that ARLP has been able to improve its profitability and efficiency.
However, it is worth noting that ARLP’s net income and EPS have experienced a decline since the last quarter. This could be a cause for concern, as it suggests a potential slowdown in the company’s growth or challenges faced in the most recent quarter. Investors should closely monitor future financial reports to assess whether this decline is temporary or indicative of a more significant issue.
Overall, ARLP’s stock performance on January 27, 2024, based on its total revenue, net income, and EPS, reflects a strong growth trajectory over the past year. While the recent decline in net income and EPS since the last quarter raises some concerns, it is important to consider the company’s long-term performance and future prospects before making any investment decisions.
