In the latest trading session, Consol Coal Resources (CCR - Free Report) closed at $15.24, marking a +0.4% move from the previous day. This move outpaced the S&P 500's daily loss of 2.06%. Elsewhere, the Dow lost 1.81%, while the tech-heavy Nasdaq lost 2.99%.
Coming into today, shares of the coal minining limited partnership had lost 17.09% in the past month. In that same time, the Oils-Energy sector lost 9.78%, while the S&P 500 lost 6.47%.
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. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $83.10 million, up 5.5% from the year-ago period.
CCR's full-year Zacks Consensus Estimates are calling for earnings of $2.25 per share and revenue of $320.03 million. These results would represent year-over-year changes of +54.11% and -0.85%, respectively.
Investors might also notice recent changes to analyst estimates for CCR. These revisions help to show the ever-changing nature of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
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 remained stagnant. CCR is holding a Zacks Rank of #2 (Buy) right now.
Digging into valuation, CCR currently has a Forward P/E ratio of 6.74. This valuation marks a discount compared to its industry's average Forward P/E of 7.11.
The Coal industry is part of the Oils-Energy sector. This group has a Zacks Industry Rank of 156, putting it in the bottom 39% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks. Com to follow all of these stock-moving metrics, and more, in the coming trading sessions.