ARC Resources Ltd T.ARX

ARC Projections 275%

[MyHoneyPot]

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

[Grandcentral]

Nice positive post MHP. Re-posting for the people who have put you on ignore. Hopefully Q2 is the big turning point for Arc, and for your posts. GLTA

[northman]

This doesn't make any sense.  1 - you can't apply a % growth to a negative number when the result is positive and have it make sense. 300% of -12 is -36.  2 - if ARC only makes $351mm in revenue we are all screwed.  We have MHP on ignore for a reason.

[Cheadle12]

It's an honest mistake.  I actually like some of his posts.  Goes a bit wild on Kakwa but for the most part, has valid points about payout ratios and priorities.. + mgmt pay.