These positive earnings estimate revisions suggest that analysts are becoming more optimistic on JPEP’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 JP Energy could be a solid choice for investors.
Current Quarter Estimates for JPEP
In the past 30 days, a sole estimate has gone higher for JP Energy while none has gone lower in the same time period. The trend has been pretty favorable too, with estimates narrowing from a loss of 7 cents a share 30 days ago, to a loss of 5 cents today.
Current Year Estimates for JPEP
Meanwhile, JP Energy’s current year figures are also looking quite promising, with 2 estimates moving higher in the past month, compared to a sole going lower. The consensus estimate trend has also seen a boost for this time frame, changing from a loss of 4 cents per share 30 days ago to earnings of 4 cents per share today.
Bottom Line
The stock has also started to move higher lately, adding 5.1% 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 #3 (Hold) stock to profit in the near future.
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