REX Earnings Prediction
The chart below shows how REX performed 10 days before and after its earnings report, based on data from the past quarters. Typically, REX sees a -6.27% change in stock price 10 days leading up to the earnings, and a -4.62% change 10 days following the report. On the earnings day itself, the stock moves by +7.04%. This data can give you a slight idea of what to expect for the next quarter's release.
REX Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
221.08M
0.36%
4.29%
Gross Margin
17.77%
245.05%
105.20%
Operating Margin
14.33%
812.74%
212.20%
Net Margin
14.31%
544.59%
147.15%
EPS
1.49
727.78%
186.54%
No Data Available
REX Earnings Analysis
REX American Resources Corp. Corporation (REX.N) Earnings Conference Call
Positive
Net Income Improvement: Rex American Resources achieved a net income per share of $1.38, reflecting a 97% improvement over the second quarter of 2024, primarily due to better corn pricing.
Gross Margin Improvement: Gross margin improved by 1% over the third quarter of 2023, despite a 21% reduction in product revenue, showcasing effective cost management.
Ethanol Sales Volume Increase: Ethanol sales volume increased to 75.5 million gallons in the third quarter of 2024, a 3% rise compared to 73.2 million gallons in the same quarter of 2023.
Gross Profit Increase: The company reported a gross profit of $39.7 million for the third quarter of 2024, up from $39.3 million in the third quarter of 2023, indicating strong operational performance.
Cash and Liquidity Management: Rex American Resources ended the quarter with total cash and cash equivalents of $365.1 million, compared to $378.7 million as of January 31, 2024, demonstrating solid liquidity management.
Negative
Gross Margin Improvement: Gross margin improved over the third quarter of 2023 by 1% despite a 21% reduction in product revenue.
Ethanol Price Comparison: Average selling price for our consolidated ethanol volume was $1.83 per gallon for the third quarter compared to $2.32 per gallon in the third quarter of 2023.
Dry Distillers Grains Sales Decline: Dry distillers grains sales volume during the third quarter of 2024 totaled 170,116 tons, a 5% decrease over third quarter 2023 volumes.
Average Selling Price Decline: Average selling price for the dry distiller grain was $147.14 per ton for the third quarter 2024 compared to $194.94 per ton in the third quarter of 2023.
Net Income Comparison: Net income attributable to REX shareholders for the third quarter was $24.5 million compared to $26.1 million in the third quarter of 2023.
REX FAQs
How does REX typically perform around its earnings report dates?
Is REX American Resources Corporation (REX) Q3 2024 Earnings Call Summary positive or negative?
How can historical earnings data help predict future stock performance?
REX Earning Call Sentiment
REX American Resources Corporation (REX) Q3 2024 Earnings Call Transcript
1.0x
00:00
00:00
REX.N
0.7%Positive
The earnings call presents mixed signals. Financial performance shows a positive trend with improved net income per share and gross margin, despite lower product prices. However, regulatory uncertainties and supply chain challenges pose risks. The absence of a clear shareholder return plan and vague management responses during the Q&A further contribute to uncertainty. While there are positive aspects like profitability focus and potential stock buybacks, the overall sentiment remains neutral due to the balance of positive and negative factors.
