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

Dmc Global

04/05/2024 24:39

* DMC Global Inc  BOOM.OQ  reported quarterly adjusted
earnings of
21 cents​​ per share for the quarter ended in March, higher than
the same quarter last year, when the company reported EPS of -1
cents.  The mean expectation of three analysts for the quarter
was for earnings of 19 cents per share. Wall Street expected
results to range from 17 cents to 23 cents per share.
    * Revenue fell 9.5% to $166.87 million from a year ago;
analysts
expected $172.77 million. 
    * DMC Global Inc's reported EPS for the quarter was 1 cent​.
    * The company reported quarterly net income of $256
thousand.
    * DMC Global Inc shares had fallen by 15.9% this quarter and
lost 12.9% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 51.3%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

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
$25.50 
This summary was machine generated from LSEG data May 3 at 11:38
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
 Mar. 31 2024      0.19           0.21           Beat
 Dec. 31 2023      0.33           0.01           Missed
 Sep. 30 2023      0.54           0.38           Missed
 Jun. 30 2023      0.41           0.70           Beat