Ramaco Resources Inc reports results for the quarter ended June 30 - Earnings Summary

• Ramaco Resources Inc METC.OQ reported a quarterly adjusted loss of 29 cents​​ per share for the quarter ended June 30, lower than the same quarter last year, when the company reported EPS of 8 cents. The mean expectation of three analysts for the quarter was for a loss of 19 cents per share. Wall Street expected results to range from -25 cents to -13 cents per share.

• Revenue fell 1.5% to $152.96 million from a year ago; analysts expected $153.20 million.

• Ramaco Resources Inc's reported EPS for the quarter was a loss of 29 cents​.

• The company reported a quarterly loss of $13.97 million.

• Ramaco Resources Inc shares had risen by 50.9% this quarter and gained 97.6% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 151.4% in the last three months.​

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy," no "hold" and no "sell" or "strong sell." The average consensus recommendation for the iron & steel peer group is also "buy"

• Wall Street's median 12-month price target for Ramaco Resources Inc is $14.00, about 45.4% below its last closing price of $20.35

This summary was machine generated from LSEG data July 31 at 10:27 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)