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Increased Earnings Estimates Seen for Cloud Peak Energy (CLD): Can It Move Higher?
November 16, 2016

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Cloud Peak Energy Inc. (CLD - Free Report) is a coal producing company 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 CLD’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 Cloud Peak Energy could be a solid choice for investors.

Current Quarter Estimates for CLD

In the past 30 days, 1 estimate have gone higher for Cloud Peak Energy while none have gone lower in the same time period. The trend has been pretty favorable too, with loss estimates narrowing from 22 cents a share 30 days ago, to 2 cents today, a move of 90.9%.

Current Year Estimates for CLD

Meanwhile, Cloud Peak Energy’s current year figures are also looking quite promising, with 2 estimates moving higher in the past month, compared to none lower. The consensus estimate trend has also seen a boost for this time frame, narrowing from a loss of 14 cents per share 30 days ago to a loss of 5 cents per share today, an increase of 64.3%.

CLOUD PEAK EGY Price and Consensus

CLOUD PEAK EGY Price and Consensus | CLOUD PEAK EGY Quote

Bottom Line

The stock has also started to move higher lately, adding 28.2% 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 #1 (Buy) stock to profit in the near future. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

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