Back to top

Image: Bigstock

Alliance Resource Partners, L.P. (ARLP) Gains But Lags Market: What You Should Know

Read MoreHide Full Article

Alliance Resource Partners, L.P. (ARLP - Free Report) closed at $23.06 in the latest trading session, marking a +0.7% move from the prior day. This move lagged the S&P 500's daily gain of 2.6%.

Coming into today, shares of the company had lost 10.96% in the past month. In that same time, the Oils-Energy sector lost 5.18%, while the S&P 500 lost 12.9%.

Investors will be hoping for strength from Alliance Resource Partners, L.P. as it approaches its next earnings release. In that report, analysts expect Alliance Resource Partners, L.P. to post earnings of $1.45 per share. This would mark year-over-year growth of 229.55%. Meanwhile, our latest consensus estimate is calling for revenue of $659.81 million, up 58.82% from the prior-year quarter.

ARLP's full-year Zacks Consensus Estimates are calling for earnings of $4.44 per share and revenue of $2.41 billion. These results would represent year-over-year changes of +226.47% and +53.21%, respectively.

It is also important to note the recent changes to analyst estimates for Alliance Resource Partners, L.P.These recent revisions tend to reflect the evolving nature of short-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.

Based on our research, we believe these estimate revisions are directly related to near-team stock moves. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.

Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. Alliance Resource Partners, L.P. is currently a Zacks Rank #3 (Hold).

Valuation is also important, so investors should note that Alliance Resource Partners, L.P. has a Forward P/E ratio of 5.16 right now. This valuation marks a premium compared to its industry's average Forward P/E of 3.86.

The Coal industry is part of the Oils-Energy sector. This industry currently has a Zacks Industry Rank of 74, which puts it in the top 30% of all 250+ industries.

The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

You can find more information on all of these metrics, and much more, on Zacks.com.


See More Zacks Research for These Tickers


Normally $25 each - click below to receive one report FREE:


Alliance Resource Partners, L.P. (ARLP) - free report >>

Published in