We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Starting out, mining company Alpha Metallurgical Resources impressively topped its first-quarter top and bottom line expectations on Monday.
Notably, Alpha’s Mining-Miscellaneous Industry is currently in the top 47% of over 250 Zacks industries. With mining operations in Virginia and West Virginia, Alpha is benefiting as a provider of metallurgical products to the steel industry.
Q1 Review: Alpha topped Q1 EPS expectations by 19% with earnings at $17.01 per share compared to estimates of $14.22 a share. The bottom-line results were very impressive following a tough-to-compete against prior-year quarter that saw EPS at $20.52 in Q1 2022.
Image Source: Zacks Investment Research
Plus, Alpha topped Q1 sales estimates by 6%. More intriguing, Alpha’s bottom-line remains robust although a natural decline is expected as higher commodity prices begin to ease along with inflation. Annual earnings are expected to drop -38% this year at $48.96 per share from an extremely outstanding 2022 that saw EPS at $79.49.
With that being said, earnings estimate revisions have climbed in the last week and Alpha stock trades at $157 and just 3.3X forward earnings. Despite the immense profits, Alpha still trades at a very attractive discount to the industry average of 9.6X and the S&P 500’s 19X.
Another stock among the Zacks Rank #1 (Strong Buy) list that is standing out after topping its first-quarter earnings expectations on Monday is Inter Parfums.
Inter Parfums Cosmetics Industry is in the top 24% of all Zacks industries and the company is positioned well as an international distributor of a wide range of fragrances and related products.
Q1 Review: Inter Parfums blasted its Q1 earnings expectations by 21% with EPS at $1.68 compared to estimates of $1.39 per share. First-quarter earnings also climbed 53% YoY with Q1 2022 EPS at $1.10.
This was despite a very slight miss on the top line. Still, earnings estimate revisions have remained higher and the stellar bottom-line results continued to confirm Inter Parfums’ steady and expansive EPS growth.
Image Source: Zacks Investment Research
With Inter Parfums stock trading at $135, annual earnings are expected to rise 7% this year and jump another 13% in FY24 at $4.82 per share. More impressive, fiscal 2024 would represent a very stellar 298% EPS growth rate over the last five years with 2020 earnings at $1.21 per share.
Image Source: Zacks Investment Research
Bottom Line
Alpha Metallurgical Resources and Inter Parfums’ earnings potential was on full display during their first-quarter reports. As we progress through 2023 there could be a nice amount of upside in both stocks and now appears to be an ideal time to buy.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
2 Highly-Ranked Stocks to Buy After Earnings
Among the Zacks Rank #1 (Strong Buy) list several stocks are standing out after surpassing quarterly earnings expectations.
Here are two of these highly-ranked stocks that investors should consider buying right now.
Alpha Metallurgical Resources (AMR - Free Report) )
Starting out, mining company Alpha Metallurgical Resources impressively topped its first-quarter top and bottom line expectations on Monday.
Notably, Alpha’s Mining-Miscellaneous Industry is currently in the top 47% of over 250 Zacks industries. With mining operations in Virginia and West Virginia, Alpha is benefiting as a provider of metallurgical products to the steel industry.
Q1 Review: Alpha topped Q1 EPS expectations by 19% with earnings at $17.01 per share compared to estimates of $14.22 a share. The bottom-line results were very impressive following a tough-to-compete against prior-year quarter that saw EPS at $20.52 in Q1 2022.
Image Source: Zacks Investment Research
Plus, Alpha topped Q1 sales estimates by 6%. More intriguing, Alpha’s bottom-line remains robust although a natural decline is expected as higher commodity prices begin to ease along with inflation. Annual earnings are expected to drop -38% this year at $48.96 per share from an extremely outstanding 2022 that saw EPS at $79.49.
With that being said, earnings estimate revisions have climbed in the last week and Alpha stock trades at $157 and just 3.3X forward earnings. Despite the immense profits, Alpha still trades at a very attractive discount to the industry average of 9.6X and the S&P 500’s 19X.
Image Source: Zacks Investment Research
Inter Parfums (IPAR - Free Report) )
Another stock among the Zacks Rank #1 (Strong Buy) list that is standing out after topping its first-quarter earnings expectations on Monday is Inter Parfums.
Inter Parfums Cosmetics Industry is in the top 24% of all Zacks industries and the company is positioned well as an international distributor of a wide range of fragrances and related products.
Q1 Review: Inter Parfums blasted its Q1 earnings expectations by 21% with EPS at $1.68 compared to estimates of $1.39 per share. First-quarter earnings also climbed 53% YoY with Q1 2022 EPS at $1.10.
This was despite a very slight miss on the top line. Still, earnings estimate revisions have remained higher and the stellar bottom-line results continued to confirm Inter Parfums’ steady and expansive EPS growth.
Image Source: Zacks Investment Research
With Inter Parfums stock trading at $135, annual earnings are expected to rise 7% this year and jump another 13% in FY24 at $4.82 per share. More impressive, fiscal 2024 would represent a very stellar 298% EPS growth rate over the last five years with 2020 earnings at $1.21 per share.
Image Source: Zacks Investment Research
Bottom Line
Alpha Metallurgical Resources and Inter Parfums’ earnings potential was on full display during their first-quarter reports. As we progress through 2023 there could be a nice amount of upside in both stocks and now appears to be an ideal time to buy.