Montage Resources closed at $3.95 in the latest trading session, marking a +1.02% move from the prior day. The stock lagged the S&P 500's daily gain of 1.1%. Elsewhere, the Dow gained 1.18%, while the tech-heavy Nasdaq added 1.09%.
Investors will be hoping for strength from MR as it approaches its next earnings release. On that day, MR is projected to report earnings of -$0.65 per share, which would represent a year-over-year decline of 258.54%. Meanwhile, our latest consensus estimate is calling for revenue of $102.33 million, down 34.21% from the prior-year quarter.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of -$1.29 per share and revenue of $487.69 million. These totals would mark changes of -150.59% and -23.13%, respectively, from last year.
Investors should also note any recent changes to analyst estimates for MR. These revisions typically reflect the latest short-term business trends, which can change frequently. 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.
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 remained stagnant. MR currently has a Zacks Rank of #2 (Buy).
The Oil and Gas - Exploration and Production - United States industry is part of the Oils-Energy sector. This industry currently has a Zacks Industry Rank of 37, which puts it in the top 15% 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.
You can find more information on all of these metrics, and much more, on Zacks.com.
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Montage Resources (MR) Gains But Lags Market: What You Should Know
Montage Resources closed at $3.95 in the latest trading session, marking a +1.02% move from the prior day. The stock lagged the S&P 500's daily gain of 1.1%. Elsewhere, the Dow gained 1.18%, while the tech-heavy Nasdaq added 1.09%.
Investors will be hoping for strength from MR as it approaches its next earnings release. On that day, MR is projected to report earnings of -$0.65 per share, which would represent a year-over-year decline of 258.54%. Meanwhile, our latest consensus estimate is calling for revenue of $102.33 million, down 34.21% from the prior-year quarter.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of -$1.29 per share and revenue of $487.69 million. These totals would mark changes of -150.59% and -23.13%, respectively, from last year.
Investors should also note any recent changes to analyst estimates for MR. These revisions typically reflect the latest short-term business trends, which can change frequently. 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.
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 remained stagnant. MR currently has a Zacks Rank of #2 (Buy).
The Oil and Gas - Exploration and Production - United States industry is part of the Oils-Energy sector. This industry currently has a Zacks Industry Rank of 37, which puts it in the top 15% 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.
You can find more information on all of these metrics, and much more, on Zacks.com.