Enviva Partners, LP is a Biofuels company that could be an interesting play for investors. That is because, not only does the stock have decent short-term momentum, but it is seeing solid activity on the earnings estimate revision front as well.
These positive earnings estimate revisions suggest that analysts are becoming more optimistic on EVA’s earnings for the coming quarter and year. In fact, consensus estimates have moved sharply higher for both of these time frames over the past four weeks, suggesting that Enviva Partners could be a solid choice for investors.
Current Quarter Estimates for EVA
In the past 30 days, 2 estimates has gone higher for Enviva Partnerswhile none has gone lower in the same time period. The trend has been pretty favorable too, with estimates rising from earnings of 39 cents per share 30 days ago, to earnings of 44 cents today, a move of 12.8%.
Current Year Estimates for EVA
ENVIVA PARTNERS Price and Consensus
Meanwhile, Enviva Partnerscurrent year figures are also looking quite promising, with 2 estimates moving higher in the past month, compared to none lower. The consensus estimate trend has also seen a boost for this time frame with estimates rising from earnings of $1.47 per share 30 days ago, to earnings of $1.62 today, a move of 10.2%.
Bottom Line
The stock has also started to move higher lately, adding 15.3% over the past four weeks, suggesting that investors are starting to take note of this impressive story. So investors may definitely want to consider this Zacks Rank #1 (Strong Buy) stock to profit in the near future.
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Surging Earnings Estimates Signal Good News for Enviva Partners (EVA)
Enviva Partners, LP is a Biofuels company that could be an interesting play for investors. That is because, not only does the stock have decent short-term momentum, but it is seeing solid activity on the earnings estimate revision front as well.
These positive earnings estimate revisions suggest that analysts are becoming more optimistic on EVA’s earnings for the coming quarter and year. In fact, consensus estimates have moved sharply higher for both of these time frames over the past four weeks, suggesting that Enviva Partners could be a solid choice for investors.
Current Quarter Estimates for EVA
In the past 30 days, 2 estimates has gone higher for Enviva Partnerswhile none has gone lower in the same time period. The trend has been pretty favorable too, with estimates rising from earnings of 39 cents per share 30 days ago, to earnings of 44 cents today, a move of 12.8%.
Current Year Estimates for EVA
ENVIVA PARTNERS Price and Consensus
ENVIVA PARTNERS Price and Consensus | ENVIVA PARTNERS Quote
Meanwhile, Enviva Partnerscurrent year figures are also looking quite promising, with 2 estimates moving higher in the past month, compared to none lower. The consensus estimate trend has also seen a boost for this time frame with estimates rising from earnings of $1.47 per share 30 days ago, to earnings of $1.62 today, a move of 10.2%.
Bottom Line
The stock has also started to move higher lately, adding 15.3% over the past four weeks, suggesting that investors are starting to take note of this impressive story. So investors may definitely want to consider this Zacks Rank #1 (Strong Buy) stock to profit in the near future.
Confidential from Zacks
Beyond this Tale of the Tape, would you like to see Zacks' best recommendations that are not available to the public? Our Executive VP, Steve Reitmeister, knows when key trades are about to be triggered and which of our experts has the hottest hand. Click to see them now>>