Consol Coal Resources (CCR - Free Report) closed at $16.68 in the latest trading session, marking a +0.36% move from the prior day. The stock lagged the S&P 500's daily gain of 3.43%. Elsewhere, the Dow gained 3.29%, while the tech-heavy Nasdaq added 4.26%.
Prior to today's trading, shares of the coal minining limited partnership had lost 3.26% over the past month. This has was narrower than the Oils-Energy sector's loss of 10.9% and the S&P 500's loss of 12.15% in that time.
Investors will be hoping for strength from CCR as it approaches its next earnings release, which is expected to be February 5, 2019. In that report, analysts expect CCR to post earnings of $0.48 per share. This would mark no growth from the year-ago period. Meanwhile, our latest consensus estimate is calling for revenue of $83.10 million, up 5.5% from the prior-year quarter.
Any recent changes to analyst estimates for CCR should also be noted by investors. 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.
Our research shows that these estimate changes are directly correlated with near-term stock prices. 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.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Within the past 30 days, our consensus EPS projection has moved 1.27% higher. CCR is currently sporting a Zacks Rank of #3 (Hold).
Digging into valuation, CCR currently has a Forward P/E ratio of 7.82. This represents a premium compared to its industry's average Forward P/E of 7.56.
The Coal industry is part of the Oils-Energy sector. This industry currently has a Zacks Industry Rank of 17, which puts it in the top 7% 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.