Alliance Holdings GP, L.P. produces and markets coal 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 AHGP’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 Alliance Holdings could be a solid choice for investors.
Current Quarter Estimates for AHGP
In the past 30 days, one estimate has gone higher for Alliance Holdings while none have gone lower in the same time period. The trend has been pretty favorable too, with estimates increasing from 45 cents a share 30 days ago, to 81 today, a move of 80%.
Current Year Estimates for AHGP
Meanwhile, Alliance Holdings’s current year figures are also looking quite promising, with one estimate moving higher in the past month, compared to none lower. The consensus estimate trend has also seen a boost for this time frame, increasing/narrowing from $2.02 per share 30 days ago to $2.78 per share today, an increase of 37.6%.
Bottom Line
The stock has also started to move higher lately, adding 6.13% 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. You can see the complete list of today’s Zacks #1 Rank stocks here.
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Earnings Estimates Moving Higher for Alliance Holdings (AHGP): Time to Buy?
Alliance Holdings GP, L.P. produces and markets coal 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 AHGP’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 Alliance Holdings could be a solid choice for investors.
Current Quarter Estimates for AHGP
In the past 30 days, one estimate has gone higher for Alliance Holdings while none have gone lower in the same time period. The trend has been pretty favorable too, with estimates increasing from 45 cents a share 30 days ago, to 81 today, a move of 80%.
Current Year Estimates for AHGP
Meanwhile, Alliance Holdings’s current year figures are also looking quite promising, with one estimate moving higher in the past month, compared to none lower. The consensus estimate trend has also seen a boost for this time frame, increasing/narrowing from $2.02 per share 30 days ago to $2.78 per share today, an increase of 37.6%.
Alliance Holdings GP, L.P. Price and Consensus
Alliance Holdings GP, L.P. Price and Consensus | Alliance Holdings GP, L.P. Quote
Bottom Line
The stock has also started to move higher lately, adding 6.13% 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. You can see the complete list of today’s Zacks #1 Rank stocks here.
Just Released – Driverless Cars: Your Roadmap to Mega-Profits Today
In this latest Special Report, Zacks’ Aggressive Growth Strategist Brian Bolan explores a full-blown technological breakthrough in the making – autonomous cars. He also spotlights 8 stocks with tremendous gain potential to feed off this phenomenon. Click to see the stocks right now >>