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Can Rhino Resource Partners LP (RNO) Run Higher on Strong Earnings Estimate Revisions?

Zacks Equity Research

Rhino Resource Partners LP (RNO) is a coal company that 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 RNO’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 Rhino Resource Partners could be a solid choice for investors.

Current Quarter Estimates for RNO

In the past 30 days, 1 estimate has gone higher for Rhino Resource Partners compared to no downward revision in the same time period. The trend has been pretty favorable too, with estimates increasing from 1 cent a share 30 days ago, to 13 cents today, a significant move.

Current Year Estimates for RNO

Meanwhile, Rhino Resource Partners’ current year figures are also looking quite promising, with 1 estimate moving higher in the past month, compared to no downward revision. The consensus estimate trend has also seen a boost for this time frame narrowing from loss of 9 cent a share 30 days ago, to earnings of 10 cents today, a significant move upward.

Bottom Line

The stock has also started to move higher lately, adding 7.2% 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 #1 (Strong Buy) stock to profit in the near future.

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RHINO RESOURCES INC (RNO): Free Stock Analysis Report

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