DMC Global Inc reports results for the quarter ended in June - Earnings Summary

Dmc Global

01/08/2024 22:46

* DMC Global Inc  BOOM.OQ  reported quarterly adjusted
earnings of
29 cents​​ per share for the quarter ended in June, lower than
the same quarter last year, when the company reported EPS of 70
cents.  The mean expectation of three analysts for the quarter
was for earnings of 14 cents per share. Wall Street expected
results to range from 11 cents to 17 cents per share.
    * Revenue fell 9.3% to $171.18 million from a year ago;
analysts
expected $165.00 million. 
    * DMC Global Inc's reported EPS for the quarter was 24
cents​.
    * The company reported quarterly net income of $4.01
million.
    * DMC Global Inc shares had fallen by 6.4% this quarter and
lost 28.3% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 65.3%
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 2 "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the oil related
services and equipment peer group is also "buy"

Wall Street's median 12-month price target for DMC Global Inc is
$24.00 
This summary was machine generated from LSEG data August 1 at
09:45 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) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jan. 1 0001       0.14           0.29           Beat
 Mar. 31 2024      0.19           0.21           Beat
 Dec. 31 2023      0.33           0.01           Missed
 Sep. 30 2023      0.54           0.38           Missed