November 3, 2018 - Alliance Resource Partners, L.P. closed the most recent trading day at $19.33, moving +0.21% from the previous trading session. This move outpaced the S&P 500's daily loss of 0.63%. At the same time, the Dow lost 0.43%, and the tech-heavy Nasdaq lost 1.04%.
Coming into today, shares of the company had lost 6.9% in the past month. In that same time, the Oils-Energy sector lost 9.69%, while the S&P 500 lost 6.28%.
Investors will be hoping for strength from ARLP as it approaches its next earnings release, which is expected to be February 4, 2019. On that day, ARLP is projected to report earnings of $0.76 per share, which would represent year-over-year growth of 38.18%. Meanwhile, our latest consensus estimate is calling for revenue of $522.54 million, up 8.13% from the prior-year quarter.
ARLP's full-year Zacks Consensus Estimates are calling for earnings of $3.27 per share and revenue of $2 billion. These results would represent year-over-year changes of +13.94% and +11.38%, respectively.
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. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
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. The Zacks Consensus EPS estimate has moved 2.34% lower within the past month. ARLP is currently a Zacks Rank #3 (Hold).
In terms of valuation, ARLP is currently trading at a Forward P/E ratio of 5.91. Its industry sports an average Forward P/E of 7.39, so we one might conclude that ARLP is trading at a discount comparatively.
The Coal industry is part of the Oils-Energy sector. This industry currently has a Zacks Industry Rank of 12, which puts it in the top 5% of all 250+ industries.