Arch Resources, Inc. ARCH is a leading producer of high-quality metallurgical products for the global steel industrythat 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 ARCH 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 Vale could be a solid choice for investors.
Current Quarter Estimates for ARCH
In the past 30 days, one estimate has gone higher for Arch Resources while none has gone lower in the same time period. The trend has been pretty favorable too, with estimates moving from $4.60 per share 30 days ago, to $6.67 per share today, a move of 45%.
Current Year Estimates for ARCH
Meanwhile, Arch Resources’ current year figures are also looking quite promising, with two estimates moving higher in the past one month, compared to none lower. The consensus estimate trend has also seen a boost for this time frame, moving from $8.55 per share 30 days ago to $14.66 per share today, a move of 71.4%.
Arch Resources Inc. Price and Consensus
Arch Resources Inc. price-consensus-chart | Arch Resources Inc. Quote
The stock has also started to move higher lately, adding 45% over the past four weeks, suggesting that investors are starting to take note of this impressive story. So, investors may want to consider this Zacks Rank #1 (Strong Buy) stock to profit in the near future. You can see the complete list of today’s Zacks #1 Rank stocks here.
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