Back to top

Tale of the Tape

Zacks Equity Research

Can A-Mark Precious Metals (AMRK) Run Higher on Strong Earnings Estimate Revisions?
November 14, 2016

AMRK

Trades from $3

A-Mark Precious Metals, Inc. (AMRK - Free Report) is a precious metal service provider that could be an interesting play for investors. That is because, not only does the stock have decent short-term momentum, but it is seeing solid activity on the earnings estimate revision front as well.

These positive earnings estimate revisions suggest that analysts are becoming more optimistic on AMRK’s earnings for the coming quarter and year. In fact, consensus estimates have moved sharply higher for both of these time frames over the past four weeks, suggesting that A-Mark Precious Metals could be a solid choice for investors.

Current Quarter Estimates for AMRK

In the past 30 days, 1 estimate has gone higher for A-Mark Precious Metals while none have gone lower in the same time period. The trend has been pretty favorable too, with estimates increasing from 18 cents a share 30 days ago, to 33 cents today, a move of 83.3%.

Current Year Estimates for AMRK

Meanwhile, A-Mark Precious Metals’ current year figures are also looking quite promising, with 1 estimate moving higher in the past month while none have gone lower in the same time period. The consensus estimate trend has also seen a boost for this time frame, increasing from 89 cents per share 30 days ago to $1.34 per share today, an increase of 50.6%.  

A-MARK PRECIOUS Price and Consensus

A-MARK PRECIOUS Price and Consensus | A-MARK PRECIOUS Quote

Bottom Line

The stock has also started to move higher lately, adding 6.1%over the past four weeks, suggesting that investors are starting to take note of this impressive story. So investors may definitely want to consider this Zacks Rank #3 (Hold) stock to profit in the near future. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Confidential from Zacks

Beyond this Tale of the Tape, would you like to see Zacks' best recommendations that are not available to the public? Our Executive VP, Steve Reitmeister, knows when key trades are about to be triggered and which of our experts has the hottest hand. Click to see them now>>


In-Depth Zacks Research for the Tickers Above

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

A-MARK PRECIOUS (AMRK) - free report >>