In the latest trading session, Advanced Emissions Solutions (ADES - Free Report) closed at $12.17, marking a +0.91% move from the previous day. This change outpaced the S&P 500's 0.61% loss on the day. Meanwhile, the Dow lost 0.72%, and the Nasdaq, a tech-heavy index, lost 0.56%.
Coming into today, shares of the clean-coal technology company had gained 7.01% in the past month. In that same time, the Industrial Products sector gained 6.49%, while the S&P 500 gained 5.68%.
Wall Street will be looking for positivity from ADES as it approaches its next earnings report date. In that report, analysts expect ADES to post earnings of $0.64 per share. This would mark year-over-year growth of 72.97%. Our most recent consensus estimate is calling for quarterly revenue of $18.99 million, up 386.92% from the year-ago period.
ADES's full-year Zacks Consensus Estimates are calling for earnings of $3.39 per share and revenue of $93.70 million. These results would represent year-over-year changes of +92.61% and +291.31%, respectively.
Investors should also note any recent changes to analyst estimates for ADES. 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.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an 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. Within the past 30 days, our consensus EPS projection has moved 35.6% higher. ADES is holding a Zacks Rank of #1 (Strong Buy) right now.
In terms of valuation, ADES is currently trading at a Forward P/E ratio of 3.56. This valuation marks a discount compared to its industry's average Forward P/E of 29.51.
The Pollution Control industry is part of the Industrial Products sector. This group has a Zacks Industry Rank of 29, putting it in the top 12% 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.