| What Makes Arch Coal (ACI) a Strong Sell? - Tale of the Tape | |
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One such stock that you may want to consider dropping is Arch Coal Inc. (ACI), which has witnessed a significant price decline in the past four weeks, and it has seen negative earnings estimate revisions for the current quarter and the current year. A Zacks Rank #5 (Strong Sell) further confirms weakness in ACI.
A key reason for this move has been the negative trend in earnings estimate revisions. For the full year, we have seen 9 estimates moving down in the past 30 days, compared with no upward revision. This trend has caused the consensus estimate to trend lower, going from a loss of $1.40 a share a month ago to its current level of a loss of $1.68.
Also, for the current quarter, Arch Coal has seen 4 downward estimate revisions versus no revision in the opposite direction, dragging the consensus estimate down to a loss of 47 cents a share from a loss of 38 cents over the past 30 days.
The stock also has seen some pretty dismal trading lately, as the share price has dropped 21.9% in the past month.
So it may not be a good decision to keep this stock in your portfolio anymore, at least if you don’t have a long time horizon to wait.
If you are still interested in the Coal industry, you may instead consider a better-ranked stock - Hallador Energy Company (HNRG). The stock currently holds a Zacks Rank #1 (Strong Buy) and may be better selection at this time.
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Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report ARCH COAL INC (ACI): Free Stock Analysis Report To read this article on Zacks.com click here.
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VanEck Vectors Global Alternative Energy ETF
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PRODUCER |
CODE : ACI |
ISIN : US0393801008 |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Arch Coal is a coal producing company based in United states of america. Arch Coal holds various exploration projects in USA. Its main assets in production are WEST ELK, BLACK THUNDER and JACOB'S RANCH in USA and its main asset in development is SPRUCE N° 1 in USA. Arch Coal is listed in Germany and in United States of America. Its market capitalisation is 878.4 millions as of today (€ 790.1 millions). Its stock quote reached its highest recent level on June 27, 2003 at 99.96, and its lowest recent point on October 01, 2018 at 0.01. Arch Coal has 47 442 200 shares outstanding. |