Can Advanced Emissions Solutions (ADES) Run Higher on Strong Earnings Estimate Revisions? - Tale of the Tape

By Zacks Equity Research,

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Advanced Emissions Solutions, Inc. ( ADES ), a provider of environmental technologies and specialty chemicals in pollution and treatment controls industry, 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 ADES' earnings for the coming quarter and year. In fact, consensus estimates have moved sharply higher for both of these time frames, suggesting that Advanced Emissions Solutions could be a solid choice for investors.

Current Quarter Estimates for ADES

In the past 30 days, there was no estimate revision for Advanced Emissions Solutions. However, the  consensus estimate trend has been pretty favorable, with estimates increasing from 6 cents a share 30 days ago to 12 cents today, a move of 100.0%.

Current Year Estimates for ADES

Meanwhile, Advanced Emissions Solutions' current year figures are also looking quite promising, with 1 estimate moving higher in the past month, compared with no downward revision in the same time period. The consensus estimate trend has also seen a boost for this time frame, narrowing from a loss of 31 cents per share 30 days ago to a loss of 25 cents per share today, an increase of 19.4%.

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 #3 (Hold) stock to profit in the near future.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

This article appears in: Investing , Earnings , Investing Ideas , Stocks
Referenced Stocks: ADES

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