{"id":194937,"date":"2023-10-17T22:01:40","date_gmt":"2023-10-17T22:01:40","guid":{"rendered":"https:\/\/tokenstalk.info\/?p=194937"},"modified":"2023-10-17T22:01:40","modified_gmt":"2023-10-17T22:01:40","slug":"ramaco-resources-surges-after-guiding-q3-earnings-outlook-above-view","status":"publish","type":"post","link":"https:\/\/tokenstalk.info\/bitcoin\/ramaco-resources-surges-after-guiding-q3-earnings-outlook-above-view\/","title":{"rendered":"Ramaco Resources Surges After Guiding Q3 Earnings Outlook Above View"},"content":{"rendered":"
Shares of Ramaco Resources, Inc. (METC), a metallurgical coal company, are surging more than 19% Tuesday morning after the company provided third-quarter adjusted EPS outlook above analysts’ view.<\/p>\n
Ramaco said it expects adjusted EPS to be in the range of $0.42 – $0.45 for the third quarter. Analysts on average polled by Thomson-Reuters expect the company to report earnings of $0.22 per share.<\/p>\n
Third-quarter results are scheduled to be reported on November 7. <\/p>\n
Looking forward, the company said, “Due to stronger than anticipated third quarter shipments and overseas customer demand, the Company is increasing the midpoint of full-year 2023 coal shipment guidance to 3.25 – 3.5 million tons, up from 3.1 – 3.6 million tons previously.” <\/p>\n
METC, currently at $11.70, has traded in the range of $7.26 – $12.81 in the last 52 weeks. <\/p>\n