ARC Projections 275%
https://ca.investing.com/news/stock-market-news/3-canadian-stocks-expected-to-report-wide-earnings-swings-this-week-2489981
ARC Resources stock EPS to surge 275% in this week’s earnings ARC Resources (TSX:ARX) virtually opened the market on July 12, 2021, to celebrate its 25th anniversary of trading on the TSX. Investors could be celebrating the company’s great achievements during the second quarter later this week if results come in as expected.
The company is expected to release second-quarter earnings results before markets open on Thursday. Market players expect ARC Resources to report a strong second-quarter GAAP EPS of about 21 cents. This should compare well against a net loss of 12 cents during the same period last year. A strong EPS growth of 275% year-over-year will be wonderful news to ARC Resources stock investors.
The company’s recent merger with Seven Generations during the second quarter could be accretive to both revenues and cash flows. Quarterly revenue estimates hover around $352 million, up 59.6% year over year.
ARC Resources has beaten analyst earnings projections by wide margins in the two most recent consecutive earnings reports released in 2021 thus far. The stock usually responds significantly to earnings beats and misses. Analyst consensus estimates give ARX stock a potential 49% over the next 12 months.
IMHO