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A-Mark Precious Metals (AMRK)
NASDAQ:AMRK
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Earnings Data
Report Date
Feb 11, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
$0.59Last Year’s EPS
$0.9Same Quarter Last Year
Moderate Buy
Based on 3 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 06, 2024
|% Change Since: -31.46%
|Next Earnings Date:Feb 11, 2025
Earnings Call Sentiment|Negative
The earnings call highlighted some positive aspects, such as revenue growth and strategic expansions. However, significant challenges were noted, including a decrease in gross profit, increased expenses, and declining product sales, leading to lower net income and EBITDA. Despite some growth initiatives, the sentiment reflects a challenging period.Company Guidance
In the recent earnings call for A-Mark Precious Metals, the company provided guidance highlighting several key metrics. For fiscal Q1 2025, A-Mark reported revenues of $2.72 billion, marking a 9% increase from the $2.48 billion in the prior year. Despite challenges such as elevated precious metal prices and reduced demand, A-Mark achieved a net income of $9 million, or $0.37 per diluted share, and generated $17.8 million in non-GAAP EBITDA. Gross profit decreased by 12% to $43.4 million, with the direct-to-consumer segment contributing significantly to consolidated gross profits. SG&A expenses rose by 22% to $26.6 million, partly due to recent acquisitions. The company also noted a 69% increase in depreciation and amortization expenses, linked to acquisitions. Interest income grew by 16% to $7.1 million, while interest expense increased slightly by 2% to $10 million. The company emphasized its strategic initiatives, such as extending its trading credit facility to September 2026 and expanding its logistics capabilities. Looking ahead, A-Mark remains optimistic about market demand and continues to focus on growth opportunities, including potential M&A activities.Revenue Growth
Revenues for fiscal Q1 2025 increased 9% to $2.72 billion from $2.48 billion in Q1 of last year, driven by higher average selling prices of gold and silver.
DTC Segment Performance
The direct-to-consumer segment contributed 18% of consolidated revenue in fiscal Q1 2025, up from 13% in Q1 2024. Gross profit for this segment increased to 54% of consolidated gross profit, up from 43% in the previous year.
Expansion Initiatives
A-Mark advanced its logistics facility expansion and automation initiatives, which are expected to increase operational capacity and produce efficiencies and long-term cost savings.
Silver Towne Acquisition
Silver Towne Mint acquired all assets of Regency Manufacturing, enhancing minting capability and expanding the customer base.
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AMRK Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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AMRK Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 06, 2024 | $37.63 | $31.59 | -16.05% |
| Aug 29, 2024 | $35.54 | $38.78 | +9.12% |
| May 07, 2024 | $39.93 | $37.76 | -5.43% |
| Feb 06, 2024 | $26.70 | $25.79 | -3.41% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does A-Mark Precious Metals (AMRK) report earnings?
A-Mark Precious Metals (AMRK) is schdueled to report earning on Feb 11, 2025, TBA Not Confirmed.
What is A-Mark Precious Metals (AMRK) earnings time?
A-Mark Precious Metals (AMRK) earnings time is at Feb 11, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is AMRK EPS forecast?
AMRK EPS forecast for the fiscal quarter 2025 (Q2) is $0.59.
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