Earnings Estimates Moving Higher for Alon USA Energy (ALJ): Time to Buy? – Tale of the Tape

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 USA Energy could be a solid choice for investors.

Current Quarter Estimates for ALJ

In the past 30 days, 3 estimates have gone higher for Alon USA Energy while just 1 has gone lower in the same time period. The trend has been pretty favorable too, with estimates increasing from a loss of 5 cents a share 30 days ago, to earnings of 36 cents today.

Current Year Estimates for ALJ

Meanwhile, Alon USA Energy’s current year figures are also looking quite promising, with 4 estimates moving higher in the past month, compared to just 1 lower. The consensus estimate trend has also seen a boost for this time frame, increasing from 86 cents per share 30 days ago to $1.07 per share today, an increase of 24.4%.

Bottom Line

The stock has also started to move higher lately, adding 15.1% 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.

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