Consol Coal Resources (CCR - Free Report) closed the most recent trading day at $19.60, moving -1.51% from the previous trading session. This move lagged the S&P 500's daily gain of 2.12%. Meanwhile, the Dow gained 2.13%, and the Nasdaq, a tech-heavy index, added 2.64%.
Coming into today, shares of the coal minining limited partnership had gained 5.35% in the past month. In that same time, the Oils-Energy sector lost 8.07%, while the S&P 500 lost 4.4%.
Investors will be hoping for strength from CCR as it approaches its next earnings release, which is expected to be February 5, 2019. On that day, CCR is projected to report earnings of $0.48 per share, which would represent no growth from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $83.10 million, up 5.5% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $2.35 per share and revenue of $321.70 million. These totals would mark changes of +60.96% and -0.34%, respectively, from last year.
It is also important to note the recent changes to analyst estimates for CCR. Recent revisions tend to reflect the latest near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 2.51% higher. CCR currently has a Zacks Rank of #1 (Strong Buy).
Looking at its valuation, CCR is holding a Forward P/E ratio of 8.46. Its industry sports an average Forward P/E of 7.55, so we one might conclude that CCR is trading at a premium comparatively.
The Coal industry is part of the Oils-Energy sector. This industry currently has a Zacks Industry Rank of 13, which puts it in the top 5% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.