Alliance Holdings Earnings: Here’s Why Shares are Up Now
Alliance Holdings GP, L.P. (NASDAQ:AHGP) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are up 1.43%.
Alliance Holdings GP, L.P. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 21.95% to $1 in the quarter versus EPS of $0.82 in the year-earlier quarter.
Revenue: Rose 23.56% to $547.97 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Alliance Holdings GP, L.P. reported adjusted EPS income of $1 per share. By that measure, the company beat the mean analyst estimate of $0.83. It beat the average revenue estimate of $536.13 million.
Quoting Management: There was no comment from the management.
Key Stats (on next page)…
Revenue decreased 0.25% from $549.32 million in the previous quarter. EPS increased 13.64% from $0.88 in the previous quarter.
Looking Forward: Analysts have a more negative outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has fallen from a profit of $0.9 to a profit $0.84. For the current year, the average estimate has moved down from a profit of $3.65 to a profit of $3.37 over the last ninety days.
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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)