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Argan: Fiscal Q4 Earnings Snapshot
Driven by its energy-plant construction business, Argan Inc. posted $137.8 million annual profit and saw shares rise 31% year-to-date, hitting $410.85 in late trading.
- On Thursday, Argan Inc reported fiscal fourth-quarter profit of $49.2 million and annual revenue of $944.6 million, marking strong performance for the Arlington, Virginia-based energy plant builder.
- The company exceeded the $2.13 per share consensus analyst estimate for GAAP profitability but fell short of the $271 million revenue forecast, delivering mixed quarterly results.
- Revenue rose nearly 13% year over year to more than $262 million, while GAAP net income climbed to $49.2 million, or $3.47 per share from the prior year.
- Argan stock increased 31% since the beginning of the year, with shares rising by almost 20% over the five-day period following the earnings announcement.
- JPMorgan analyst Michael Fairbanks upgraded Argan to overweight from neutral and set a $550 price target, signaling confidence after the company reported $137.8 million in annual profit.
12 Articles
12 Articles
Why Argan Stock Was a Winner This Week
Key PointsIt missed on revenue for the period, but investors clearly didn't mind.One analyst was sufficiently impressed to upgrade his recommendation on the stock.10 stocks we like better than Argan › An impressive earnings report published late Thursday was the news item propelling Argan (NYSE: AGX) stock well higher on a week-over-week basis. According to data compiled by S&P Global Market Intelligence, the industrial company's shares rose by …
Argan (AGX) Stock Soars 10% Following Exceptional Q4 Performance
Key Highlights AGX climbed approximately 10% in pre-market trading following a Q4 EPS report of $3.47 that surpassed the $2.13 consensus estimate by $1.34 Quarterly revenue reached $262.1M, representing a 12.7% year-over-year increase, though marginally under the $271M projection Fiscal year 2026 EPS achieved $9.74 compared to $6.15 in FY25; gross margin improved to 25% from 20.5% Contract backlog expanded dramatically to $2.9B from $1.4B year-…
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