Increased Earnings Estimates Seen for Alon USA (ALDW): Can It Move Higher?
Alon USA Partners, LP ALDW, a refiner and marketer of petroleum products in the United States, 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 ALDW’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 Alon USA could be a solid choice for investors.
Current Quarter Estimates for ALDW
In the past 30 days, 1 estimate has gone higher for Alon USA while none have gone lower in the same time period. The trend has been pretty favorable too, with estimates narrowing from a loss of 17 cents a share 30 days ago, to a los of 1 cent today, a move of 94.1%.
Current Year Estimates for ALDW
Meanwhile, Alon USA’s current year figures are also looking quite promising, with 1 estimate moving higher in the past month, compared to none lower. The consensus estimate trend has also seen a boost for this time frame, narrowing from a loss of 35 cents per share 30 days ago to a loss of 15 cents per share today, an increase of 57.1%.
ALON USA PTNRS Price and Consensus
ALON USA PTNRS Price and Consensus | ALON USA PTNRS Quote
Bottom Line
The stock has also started to move higher lately, adding 7.1% 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 #2 (Buy) stock to profit in the near future. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
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ALON USA PTNRS (ALDW): Free Stock Analysis Report
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