These positive earnings estimate revisions suggest that analysts are becoming more optimistic on ALJ’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 could be a solid choice for investors.
Current Quarter Estimates for ALJ
In the past 30 days, 5 estimates have gone higher for Alon while only 1 moved lower in the same time period. The trend has been pretty favorable too, with estimates increasing significantly from a loss of 16 cents a share 30 days ago, to earnings of 18 cents today.
Current Year Estimates for ALJ
Meanwhile, Alon’s current year figures are also looking quite promising, with 2 estimates moving higher in the past month against just 1 lower. The consensus estimate trend has also seen a boost for this time frame, increasing from 81 cents per share 30 days ago to 88 cents per share today, an increase of 8.6%.
Bottom Line
The stock has also started to move higher lately, adding 9.2% 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 #3 (Hold) stock to profit in the near future.
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