Ramaco Resources (METC Quick QuoteMETC - Free Report) shares rallied 8.3% in the last trading session to close at $5.25. This move can be attributable to notable volume with a higher number of shares being traded than in a typical session. This compares to the stock's 12.5% gain over the past four weeks.

Ramaco Resources’ first-quarter earnings per share were better than expected. The company is gaining from strong production volumes, improved selling pricing per ton and proper cost management.

Ramaco Resources with its high quality met coal operation is poised to benefit from the current macro environment, which provides extremely positive market conditions for both near and medium-term growth in metallurgical coal price and demand.

Price and Consensus

This company is expected to post quarterly earnings of $0.01 per share in its upcoming report, which represents a year-over-year change of -83.3%. Revenues are expected to be $46.22 million, up 27.1% from the year-ago quarter.

Earnings and revenue growth expectations certainly give a good sense of the potential strength in a stock, but empirical research shows that trends in earnings estimate revisions are strongly correlated with near-term stock price movements.

For Ramaco Resources, the consensus EPS estimate for the quarter has been revised 100% higher over the last 30 days to the current level. And a positive trend in earnings estimate revision usually translates into price appreciation. So, make sure to keep an eye on METC going forward to see if this recent jump can turn into more strength down the road.

The stock currently carries a Zacks Rank 3 (Hold). You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>