AGX Earnings Prediction
The chart below shows how AGX performed 10 days before and after its earnings report, based on data from the past quarters. Typically, AGX sees a +0.73% change in stock price 10 days leading up to the earnings, and a +14.98% change 10 days following the report. On the earnings day itself, the stock moves by -0.23%. This data can give you a slight idea of what to expect for the next quarter's release.
AGX Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
163.75M
38.92%
15.85%
Gross Margin
11.75%
-37.63%
-30.06%
Operating Margin
4.80%
-40.67%
-48.77%
Net Margin
3.34%
-49.24%
-63.01%
EPS
0.40
-28.57%
-57.45%
No Data Available
AGX Earnings Analysis
Argan, Inc Corporation (AGX.N) Earnings Conference Call
Positive
Revenue Growth Surge: During the third quarter, we saw revenues grow by 39% to $164 million, reflecting improvements from both our power industry services and our industrial construction services businesses.
Profitability and Balance Sheet Strength: We delivered solid profitability outside the Kilroot job, and we saw continued strength in our balance sheet.
Strong Backlog and Liquidity: Our backlog at October 31, 2023, was a healthy $730 million, and we closed the third quarter of fiscal 2024 with almost $400 million of cash and investments and net liquidity of $240 million.
Debt-Free Status: Additionally, we continued to carry no debt.
Stock Repurchase Activity: During the third quarter, we repurchased approximately 43,000 shares of our common stock pursuant to our stock repurchase program for a total spend of approximately $1.7 million, or $40.54 per share.
Negative
Revenue Growth Surge: During the third quarter, we saw revenues grow by 39% to $164 million, reflecting improvements from both our power industry services and our industrial construction services businesses.
Profitability and Balance Sheet Strength: We delivered solid profitability outside the Kilroot job, which I will cover later in detail, and we saw continued strength in our balance sheet.
Strong Backlog and Liquidity: Our backlog at October 31, 2023, was a healthy $730 million, and we closed the third quarter of fiscal 2024 with almost $400 million of cash and investments and net liquidity of $240 million.
Stock Repurchase Activity: During the third quarter, we repurchased approximately 43,000 shares of our common stock pursuant to our stock repurchase program for a total spend of approximately $1.7 million, or $40.54 per share.
Kilroot Project Loss Impact: However, the results were adversely impacted by the recorded loss of $10.7 million related to the Kilroot project, an amount representing approximately 6.5% of consolidated revenues for the quarter.
AGX FAQs
How does AGX typically perform around its earnings report dates?
Is Argan, Inc. (AGX) Q3 2024 Earnings Call Summary positive or negative?
How can historical earnings data help predict future stock performance?
AGX Earning Call Sentiment
Argan, Inc. (AGX) Q3 2024 Earnings Call Transcript
1.0x
00:00
00:00
AGX.N
-6.72%Positive
The earnings call highlights strong financial performance with significant revenue growth, improved margins, and increased net income. The company announced a 25% dividend increase and a strong project backlog, indicating future growth potential. Despite some concerns about project management risks and regulatory challenges, management's optimistic guidance and strategic focus on energy demand growth are positive indicators. The Q&A session reveals continued high activity levels and expansion plans, further supporting a positive outlook. Overall, the sentiment is positive, suggesting a likely stock price increase of 2% to 8% over the next two weeks.
