{"id":1763,"date":"2024-04-12T22:58:57","date_gmt":"2024-04-12T14:58:57","guid":{"rendered":"https:\/\/applelatest.com\/uncategorized\/1763.html"},"modified":"2024-04-12T22:58:57","modified_gmt":"2024-04-12T14:58:57","slug":"%e7%88%b2%e4%bb%80%e9%ba%bd-argan-%e8%82%a1%e7%a5%a8%e4%bb%8a%e5%a4%a9%e9%a3%86%e9%99%9e-24","status":"publish","type":"post","link":"https:\/\/applelatest.com\/en\/stocks\/1763.html","title":{"rendered":"Why Argan Stocks Are Up 24% Today"},"content":{"rendered":"
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\"f86b8e8b9277c71e795c6e36df458813\"<\/div>\n<\/div>\n<\/div>\n<\/figure>\n

Artech Engineering, Inc. in Roquerville, Maryland Argan <\/strong>(NYSE: AGX)<\/span>'s investors had a good day Friday, as the energy plant builder ended the week with a strong fourth-quarter earnings report for fiscal 2024, which ended on Jan. 31st.<\/p>\n

Analysts had predicted that Forrest Gump would earn just $0.75 per share for the quarter, but Forrest Gump last night reported better-than-expected earnings of $0.89 for the fourth quarter. Quarterly sales of $164.6 million also seemed to beat expectations. As of 10:15 a.m. ET, Argan shares were up 23.51 TP3T.<\/p>\n

Forrest Gump Fourth Quarter Financial Results<\/h2>\n

The company's fourth-quarter results, released last night, showed that sales rose 38.51 TP3T year-over-year, but gross margins declined, and net income fell 121 TP3T. Despite this, profits beat Wall Street expectations, which investors viewed as good news.<\/p>\n

Full year earnings growth also helped, with Argan delivering full year net earnings per share of $2.39, an increase of approximately 3% from FY2023. again, given the increase in sales of26%<\/em>This growth is also lower than one would normally expect to see.<\/p>\n

Buy Argan stock in 2024?<\/h2>\n

Goon's management did not give much guidance on sales and earnings expectations for the year. However, Matron CEO David Watson did say that \"backlog levels have remained relatively stable since FY2022, despite significant revenue growth over the same period\". That means that at least Argan's rapid revenue growth last year won't immediately slow down this year. If backlogs remain stable, then the worst investors can expect is flat revenues - and if Argan's margins are able to recover, then even then profits will improve this year.<\/p>\n

Notably, analysts are forecasting a 131 TP3T increase in sales and a 391 TP3T jump in profits this year - with a bottom line of $3.32. If Argan meets those targets, its stock will trade at 18.5 times this year's earnings. It may not be cheap, but it's not too expensive to buy.<\/p>\n

<\/div>\n

Should you invest $1,000 in Argan now?<\/h2>\n

Before buying Argan stock, consider the following:<\/p>\n

Motley Fool Stock Advisor<\/em>The analyst team has just named what they believe to be the best value for investors.10<\/strong>Argan is not one of the 10 stocks listed on ....... The 10 stocks that made the list could generate huge returns in the years to come.<\/p>\n

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<\/div>\n<\/div>\n<\/div>\n

Stock Advisor<\/em>It provides investors with an easy-to-understand blueprint for success, including guidance on building a portfolio, regular updates from analysts, and two new stock picks each month. Since 2002, StockAdvisor<\/em>The service has more than doubled the return on the S&P 500 Index.<\/p>\n

View these 10 stocks<\/strong><\/p>\n

*Stock Advisor's Circular as of April 8, 2024<\/span><\/em><\/em><\/p>\n

Rich Smith does not own any of the shares listed above.The Motley Fool does not own any of the shares listed above.The Motley Fool has a disclosure policy.<\/em><\/p>\n

Why did Argan stock spike 24% today?<\/p>\n<\/div>","protected":false},"excerpt":{"rendered":"

Argan just surprised investors. Can it do it again in 2024?<\/p>","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[55],"tags":[1436],"blocksy_meta":"","yoast_head":"\n\u7232\u4ec0\u9ebd Argan \u80a1\u7968\u4eca\u5929\u98c6\u965e 24 - Apple Latest<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/applelatest.com\/en\/stocks\/1763.html\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"\u7232\u4ec0\u9ebd Argan \u80a1\u7968\u4eca\u5929\u98c6\u965e 24\" \/>\n<meta property=\"og:description\" content=\"Argan \u525b\u525b\u7d66\u6295\u8cc7\u8005\u5e36\u4f86\u4e86\u9a5a\u559c\u3002\u5b83\u80fd\u5728 2024 \u5e74\u518d\u6b21\u5275\u9020\u5947\u8de1\u55ce\uff1f\" \/>\n<meta property=\"og:url\" content=\"https:\/\/applelatest.com\/en\/stocks\/1763.html\/\" \/>\n<meta property=\"og:site_name\" content=\"Apple Latest\" \/>\n<meta property=\"article:published_time\" content=\"2024-04-12T14:58:57+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/s.yimg.com\/ny\/api\/res\/1.2\/dpuj3cVIcT3Lyo19bWlqCA--\/YXBwaWQ9aGlnaGxhbmRlcjt3PTk2MDtoPTUwNQ--\/https:\/\/media.zenfs.com\/en\/motleyfool.com\/f86b8e8b9277c71e795c6e36df458813\" \/>\n<meta name=\"author\" content=\"applelatest\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"applelatest\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/applelatest.com\/uncategorized\/1763.html#article\",\"isPartOf\":{\"@id\":\"https:\/\/applelatest.com\/uncategorized\/1763.html\"},\"author\":{\"name\":\"applelatest\",\"@id\":\"https:\/\/applelatest.com\/#\/schema\/person\/ed60be871043e449bf7d8e44ac3499a7\"},\"headline\":\"\u7232\u4ec0\u9ebd Argan \u80a1\u7968\u4eca\u5929\u98c6\u965e 24\",\"datePublished\":\"2024-04-12T14:58:57+00:00\",\"dateModified\":\"2024-04-12T14:58:57+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/applelatest.com\/uncategorized\/1763.html\"},\"wordCount\":30,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/applelatest.com\/#organization\"},\"keywords\":[\"\u5b63\u5ea6\u92b7\u552e\u548c\u76c8\u5229\u5831\u544a\"],\"articleSection\":[\"stocks\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/applelatest.com\/uncategorized\/1763.html#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/applelatest.com\/uncategorized\/1763.html\",\"url\":\"https:\/\/applelatest.com\/uncategorized\/1763.html\",\"name\":\"\u7232\u4ec0\u9ebd Argan \u80a1\u7968\u4eca\u5929\u98c6\u965e 24 - 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