Advanced Emissions Solutions (ADES - Free Report) closed the most recent trading day at $11.18, moving +0.99% from the previous trading session. The stock outpaced the S&P 500's daily loss of 0.21%. Meanwhile, the Dow lost 0.46%, and the Nasdaq, a tech-heavy index, lost 0.16%.
Coming into today, shares of the clean-coal technology company had lost 6.19% in the past month. In that same time, the Industrial Products sector gained 1.77%, while the S&P 500 gained 2.07%.
Investors will be hoping for strength from ADES as it approaches its next earnings release, which is expected to be May 6, 2019. On that day, ADES is projected to report earnings of $0.64 per share, which would represent year-over-year growth of 72.97%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales 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.
It is also important to note the recent changes to analyst estimates for ADES. 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.
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. Over the past month, the Zacks Consensus EPS estimate remained stagnant. ADES is holding a Zacks Rank of #1 (Strong Buy) right now.
Valuation is also important, so investors should note that ADES has a Forward P/E ratio of 3.27 right now. Its industry sports an average Forward P/E of 31.19, so we one might conclude that ADES is trading at a discount comparatively.
The Pollution Control industry is part of the Industrial Products sector. This group has a Zacks Industry Rank of 23, putting it in the top 9% 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.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.