A-Mark Precious Metals Second Quarter 2024 Earnings: Misses Expectations
A-Mark Precious Metals (NASDAQ:AMRK) Second Quarter 2024 Results
Key Financial Results
Revenue: US$2.08b (up 6.6% from 2Q 2023).
Net income: US$13.8m (down 59% from 2Q 2023).
Profit margin: 0.7% (down from 1.7% in 2Q 2023). The decrease in margin was driven by higher expenses.
EPS: US$0.60 (down from US$1.43 in 2Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
A-Mark Precious Metals Revenues and Earnings Miss Expectations
Revenue missed analyst estimates by 7.0%. Earnings per share (EPS) also missed analyst estimates by 28%.
Looking ahead, revenue is forecast to grow 5.6% p.a. on average during the next 3 years, compared to a 4.8% growth forecast for the Diversified Financial industry in the US.
Performance of the American Diversified Financial industry.
The company's shares are down 2.9% from a week ago.
Risk Analysis
It's necessary to consider the ever-present spectre of investment risk. We've identified 3 warning signs with A-Mark Precious Metals (at least 1 which is concerning), and understanding them should be part of your investment process.
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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.
