Consol Coal Resources closed the most recent trading day at $18.50, moving +1.54% from the previous trading session. This change outpaced the S&P 500's 1.06% gain on the day. Meanwhile, the Dow gained 0.83%, and the Nasdaq, a tech-heavy index, added 1.72%.
Heading into today, shares of the coal minining limited partnership had lost 4.81% over the past month, outpacing the Oils-Energy sector's loss of 9.12% and lagging the S&P 500's loss of 2.09% in that time.
Wall Street will be looking for positivity from CCR as it approaches its next earnings report date. This is expected to be February 5, 2019. The company is expected to report EPS of $0.48, unchanged from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $83.10 million, up 5.5% from the year-ago period.
For the full year, our Zacks Consensus Estimates are projecting earnings of $2.35 per share and revenue of $321.70 million, which would represent changes of +60.96% and -0.34%, respectively, from the prior year.
Investors should also note any recent changes to analyst estimates for CCR. 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.
Our research shows that these estimate changes are directly correlated with near-term stock prices. 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. Within the past 30 days, our consensus EPS projection has moved 2.51% higher. CCR is currently sporting a Zacks Rank of #1 (Strong Buy).
Valuation is also important, so investors should note that CCR has a Forward P/E ratio of 7.74 right now. Its industry sports an average Forward P/E of 8.3, so we one might conclude that CCR is trading at a discount comparatively.
The Coal industry is part of the Oils-Energy sector. This group has a Zacks Industry Rank of 22, putting it in the top 9% 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.
You can find more information on all of these metrics, and much more, on Zacks.com.
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Consol Coal Resources (CCR) Outpaces Stock Market Gains: What You Should Know
Consol Coal Resources closed the most recent trading day at $18.50, moving +1.54% from the previous trading session. This change outpaced the S&P 500's 1.06% gain on the day. Meanwhile, the Dow gained 0.83%, and the Nasdaq, a tech-heavy index, added 1.72%.
Heading into today, shares of the coal minining limited partnership had lost 4.81% over the past month, outpacing the Oils-Energy sector's loss of 9.12% and lagging the S&P 500's loss of 2.09% in that time.
Wall Street will be looking for positivity from CCR as it approaches its next earnings report date. This is expected to be February 5, 2019. The company is expected to report EPS of $0.48, unchanged from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $83.10 million, up 5.5% from the year-ago period.
For the full year, our Zacks Consensus Estimates are projecting earnings of $2.35 per share and revenue of $321.70 million, which would represent changes of +60.96% and -0.34%, respectively, from the prior year.
Investors should also note any recent changes to analyst estimates for CCR. 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.
Our research shows that these estimate changes are directly correlated with near-term stock prices. 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. Within the past 30 days, our consensus EPS projection has moved 2.51% higher. CCR is currently sporting a Zacks Rank of #1 (Strong Buy).
Valuation is also important, so investors should note that CCR has a Forward P/E ratio of 7.74 right now. Its industry sports an average Forward P/E of 8.3, so we one might conclude that CCR is trading at a discount comparatively.
The Coal industry is part of the Oils-Energy sector. This group has a Zacks Industry Rank of 22, putting it in the top 9% 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.
You can find more information on all of these metrics, and much more, on Zacks.com.