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Alliance Resource Partners, L.P. (ARLP) Stock Moves -0.77%: What You Should Know
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Alliance Resource Partners, L.P. (ARLP - Free Report) closed the most recent trading day at $19.28, moving -0.77% from the previous trading session. This move was narrower than the S&P 500's daily loss of 3.09%. Meanwhile, the Dow lost 2.41%, and the Nasdaq, a tech-heavy index, lost 4.43%.
Heading into today, shares of the company had lost 3.81% over the past month, outpacing the Oils-Energy sector's loss of 6.11% and the S&P 500's loss of 6.27% in that time.
Wall Street will be looking for positivity from ARLP as it approaches its next earnings report date. This is expected to be October 29, 2018. On that day, ARLP is projected to report earnings of $0.74 per share, which would represent year-over-year growth of 42.31%. Meanwhile, our latest consensus estimate is calling for revenue of $503.13 million, up 11.02% from the prior-year quarter.
For the full year, our Zacks Consensus Estimates are projecting earnings of $3.34 per share and revenue of $1.98 billion, which would represent changes of +16.38% and +10.5%, respectively, from the prior year.
Any recent changes to analyst estimates for ARLP should also be noted by investors. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 0.37% higher. ARLP currently has a Zacks Rank of #1 (Strong Buy).
Investors should also note ARLP's current valuation metrics, including its Forward P/E ratio of 5.82. Its industry sports an average Forward P/E of 8.08, so we one might conclude that ARLP is trading at a discount comparatively.
The Coal industry is part of the Oils-Energy sector. This group has a Zacks Industry Rank of 11, putting it in the top 4% 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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Alliance Resource Partners, L.P. (ARLP) Stock Moves -0.77%: What You Should Know
Alliance Resource Partners, L.P. (ARLP - Free Report) closed the most recent trading day at $19.28, moving -0.77% from the previous trading session. This move was narrower than the S&P 500's daily loss of 3.09%. Meanwhile, the Dow lost 2.41%, and the Nasdaq, a tech-heavy index, lost 4.43%.
Heading into today, shares of the company had lost 3.81% over the past month, outpacing the Oils-Energy sector's loss of 6.11% and the S&P 500's loss of 6.27% in that time.
Wall Street will be looking for positivity from ARLP as it approaches its next earnings report date. This is expected to be October 29, 2018. On that day, ARLP is projected to report earnings of $0.74 per share, which would represent year-over-year growth of 42.31%. Meanwhile, our latest consensus estimate is calling for revenue of $503.13 million, up 11.02% from the prior-year quarter.
For the full year, our Zacks Consensus Estimates are projecting earnings of $3.34 per share and revenue of $1.98 billion, which would represent changes of +16.38% and +10.5%, respectively, from the prior year.
Any recent changes to analyst estimates for ARLP should also be noted by investors. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 0.37% higher. ARLP currently has a Zacks Rank of #1 (Strong Buy).
Investors should also note ARLP's current valuation metrics, including its Forward P/E ratio of 5.82. Its industry sports an average Forward P/E of 8.08, so we one might conclude that ARLP is trading at a discount comparatively.
The Coal industry is part of the Oils-Energy sector. This group has a Zacks Industry Rank of 11, putting it in the top 4% 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.