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REXBearishEarningsnews
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REX (REX) Q1 Earnings and Revenues Beat Estimates

May 22, 2024, 8:24 AM EDT1 sourcesAI-analyzed

AI summary

What happened, with direct paths to the underlying reporting

- REX reported earnings of $0.58 per share, beating estimates by 87.10%. - Revenues for the quarter were $161.23 million, surpassing estimates by 15.17%. - The company has a Zacks Rank #5 (Strong Sell) due to unfavorable estimate revisions. - Biofuels industry performance may impact REX's stock price. - FuelCell Energy is also expected to report, projecting a loss of $0.08 per share. Price Impact Rating: Bearish Impact Horizon Rating: Short-term Type: Research Analysis

  • REX reported earnings of $0.58 per share, beating estimates by 87.10%.
  • Revenues for the quarter were $161.23 million, surpassing estimates by 15.17%.
  • The company has a Zacks Rank #5 (Strong Sell) due to unfavorable estimate revisions.
  • Biofuels industry performance may impact REX's stock price.
  • FuelCell Energy is also expected to report, projecting a loss of $0.08 per share.

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