Earnings estimates for CONSOL Coal Resources LP (CCR - Free Report) have been revised upward in the past 60 days, reflecting analyst’s optimism in the stock. The Zacks Consensus Estimate for 2018 and 2019 earnings moved up 8.2% and 4.2% to $2.10 and $1.97, respectively.
Let’s focus on the factors that make CONSOL Coal a profitable pick.
Earnings & Surprise History
In second-quarter 2018, CONSOL Coal delivered earnings of 69 cents per share, beating the Zacks Consensus Estimate of 65 cents by 6.15%. The company delivered average positive earnings surprise of 2.72% in the trailing four quarters.
Price Performance & Growth Projections
The units have gained 11.8% on a year-to-date basis compared with the industry’s rise of 3.8%.
The Zacks Consensus Estimate for current-year earnings is pegged at $2.10, reflecting year-over-year improvement of 43.84%.
Zacks Rank & VGM Score
The stock sports a Zacks Rank #1 (Strong Buy) and has an impressive VGM Score of A. You can see the complete list of today’s Zacks #1 Rank stocks here.
Here V stands for Value, G for Growth and M for Momentum with the score being a weighted combination of all three factors. Back tested results show that stocks with a favorable VGM Score of A or B coupled with a bullish Zacks Rank are the best investment options.
Coal production was 3,596 tons at the end of the first half of 2018, up from 3,430 tons in the year-ago period. The Partnership’s coal production increased 166 tons to meet the excess demand.
Other Stocks to Consider
A few other top-ranked stocks from the Zack Coal Industry are Alliance Resource Partners, L.P. (ARLP - Free Report) , Energy Inc. (CEIX - Free Report) and Peabody Energy Corporation (BTU - Free Report) .
Alliance Resource sports a Zacks Rank #1. The company delivered an earnings surprise of 1.59% in the last reported quarter. The Zacks Consensus Estimate for 2018 earnings moved 5.8% north to $3.30 in the past 30 days.
CONSOL Energy is a Zacks #2 Ranked player. The company delivered average beat of 86.80% in the trailing four quarters. The consensus mark for current-year earnings has been raised 0.6% to $5.10 in the past 30 days.
Peabody Energy holds a Zacks Rank #2. It pulled off an average positive surprise of 2.61% in the past four quarters. The consensus estimate for 2018 bottom line has been revised 19.9% upward to $3.62 in the past 30 days.
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