Alpha Metallurgical (AMR) stock surges 10.4% on high steel demand and earnings expectations

From Nasdaq: 2025-01-14 05:42:00

Alpha Metallurgical (AMR) shares surged 10.4% to close at $194.99, driven by high volume. Steel demand is expected to rise, with a forecasted 1.2% increase to 1,772 Mt in 2025. AMR is expected to post quarterly earnings of $2.49 per share, down 80.7% year-over-year, with revenues expected at $677 million.

Teck Resources Ltd (TECK) closed 0.5% higher at $42.23. Earnings estimate for TECK has changed +0.8% to $0.28, down 72.6% from a year ago. Trillions in Federal funds are earmarked for infrastructure spending, benefiting companies like AMR and TECK. Download the free report on profiting from the trillion-dollar infrastructure boom.

Keep an eye on AMR and TECK as both have a Zacks Rank of #3 (Hold). AMR has gained 10.4% and TECK is up 0.5% in the last trading session. The consensus EPS estimate for AMR remains unchanged, while TECK’s estimate has changed +0.8% over the past month. Infrastructure spending is set to boost earnings for these companies.



Read more at Nasdaq: Alpha Metallurgical (AMR) Surges 10.4%: Is This an Indication of Further Gains?