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Alpha Metallurgical (AMR) Dips More Than Broader Markets: What You Should Know

·3 min read

Alpha Metallurgical (AMR) closed at $115.18 in the latest trading session, marking a -1.93% move from the prior day. This move lagged the S&P 500's daily loss of 1.15%. Elsewhere, the Dow lost 0.52%, while the tech-heavy Nasdaq lost 0.34%.

Coming into today, shares of the company had lost 26.57% in the past month. In that same time, the Basic Materials sector lost 24.26%, while the S&P 500 lost 5.08%.

Alpha Metallurgical will be looking to display strength as it nears its next earnings release. In that report, analysts expect Alpha Metallurgical to post earnings of $24.25 per share. This would mark year-over-year growth of 2500.99%. Our most recent consensus estimate is calling for quarterly revenue of $1.06 billion, up 169.38% from the year-ago period.

Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $84.55 per share and revenue of $4.04 billion. These totals would mark changes of +452.61% and +78.85%, respectively, from last year.

It is also important to note the recent changes to analyst estimates for Alpha Metallurgical. These recent revisions tend to reflect the evolving nature of short-term business trends. 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. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.

The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. Alpha Metallurgical is currently a Zacks Rank #3 (Hold).

Valuation is also important, so investors should note that Alpha Metallurgical has a Forward P/E ratio of 1.39 right now. This valuation marks a discount compared to its industry's average Forward P/E of 7.71.

The Mining - Miscellaneous industry is part of the Basic Materials sector. This industry currently has a Zacks Industry Rank of 148, which puts it in the bottom 42% 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.

Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.

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