A-Mark Precious Metals (NASDAQ:AMRK) Second Quarter 2024 Results
Key Financial Results
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Revenue: US$2.08b (up 6.6% from 2Q 2023).
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Net income: US$13.8m (down 59% from 2Q 2023).
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Profit margin: 0.7% (down from 1.7% in 2Q 2023). The decrease in margin was driven by higher expenses.
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EPS: US$0.60 (down from US$1.43 in 2Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
A-Mark Precious Metals Revenues and Earnings Miss Expectations
Revenue missed analyst estimates by 7.0%. Earnings per share (EPS) also missed analyst estimates by 28%.
Looking ahead, revenue is forecast to grow 5.6% p.a. on average during the next 3 years, compared to a 4.8% growth forecast for the Diversified Financial industry in the US.
Performance of the American Diversified Financial industry.
The company’s shares are down 2.9% from a week ago.
Risk Analysis
It’s necessary to consider the ever-present spectre of investment risk. We’ve identified 3 warning signs with A-Mark Precious Metals (at least 1 which is concerning), and understanding them should be part of your investment process.
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