In the latest trading session, Advanced Emissions Solutions (ADES - Free Report) closed at $12.94, marking no change from the previous day. This change was narrower than the S&P 500's 0.2% loss on the day. At the same time, the Dow lost 0.17%, and the tech-heavy Nasdaq lost 0.38%.
Prior to today's trading, shares of the clean-coal technology company had lost 3.29% over the past month. This has lagged the Industrial Products sector's loss of 1.61% and the S&P 500's gain of 0.33% in that time.
Investors will be hoping for strength from ADES as it approaches its next earnings release. On that day, ADES is projected to report earnings of $0.74 per share, which would represent a year-over-year decline of 1.33%. Our most recent consensus estimate is calling for quarterly revenue of $21.26 million, up 397.89% from the year-ago period.
For the full year, our Zacks Consensus Estimates are projecting earnings of $3.39 per share and revenue of $95.14 million, which would represent changes of +92.61% and +297.33%, respectively, from the prior year.
Any recent changes to analyst estimates for ADES should also be noted by investors. 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.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
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. The Zacks Consensus EPS estimate remained stagnant within the past month. ADES is currently a Zacks Rank #4 (Sell).
Digging into valuation, ADES currently has a Forward P/E ratio of 3.82. Its industry sports an average Forward P/E of 24.14, 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 163, putting it in the bottom 37% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual 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.
To follow ADES in the coming trading sessions, be sure to utilize Zacks.com.