REX American Resources Third Quarter 2023 Earnings: Beats Expectations

REX American Resources (NYSE:REX) Third Quarter 2023 Results

Key Financial Results

  • Revenue: US$220.3m (up 8.5% from 3Q 2022).

  • Net income: US$3.18m (down 76% from 3Q 2022).

  • Profit margin: 1.4% (down from 6.6% in 3Q 2022). The decrease in margin was driven by higher expenses.

  • EPS: US$0.18 (down from US$0.75 in 3Q 2022).


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

REX American Resources Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 4.9%. Earnings per share (EPS) also surpassed analyst estimates by 50%.

Looking ahead, revenue is expected to fall by 4.6% p.a. on average during the next 3 years compared to a 7.1% decline forecast for the Oil and Gas industry in the US.

Performance of the American Oil and Gas industry.

The company's shares are up 6.1% from a week ago.

Balance Sheet Analysis

Just as investors must consider earnings, it is also important to take into account the strength of a company's balance sheet. We have a graphic representation of REX American Resources' balance sheet and an in-depth analysis of the company's financial position.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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