Thursday, May 13, 2021

What the analysts are predicting for Alliance Resource Partners L.P.’s [ARLP] earnings

Earnings from Alliance Resource Partners L.P. [ARLP] are scheduled on April 26, 2021, before the market opens. It is expected that the company will report strong earnings for the quarter ending Mar 2021.


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ARLP Stock Earnings Outlook For The Current Quarter

The consensus estimates for the quarter suggest that the company would earn $0.23 per share on revenue of $353.4M. Taking a look at the future, the company is projected to report revenue of $352.95M at an earnings per share of $0.17 for the Jun 2021 quarter. The estimates represent year-over-year improvements of 1.80% in revenue and -30.52% in earnings per share for the company.

ARLP Stock Earnings Forecast For The Current Year


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For the full financial year, Alliance Resource Partners L.P. [NASDAQ:ARLP] is forecasted to generate revenue of $1.42B. The figure is about $90.0 million above what the company actually reported for the fiscal year 2020. In terms of EPS, it is estimated to be $0.77 in 2021, which is $1.79 higher than the figure in FY20. Based on current estimates, earnings are expected to grow 175.50% this year, -31.20% next year, and -6.83% annually over the next five years. With regard to sales, forecasts suggest an incline of 6.90% in current fiscal year and 1.80% over following year.

ARLP Stock Price Performance

At the close of Friday’s session, Alliance Resource Partners L.P. [NASDAQ:ARLP] finished up 3.32% at $6.54. The stock’s highest single-day price was $6.55, and its lowest was $6.16. Its price rose 13.74% in the last five days. Since the beginning of the year, Alliance Resource Partners L.P.’s shares are up nearly 45.98%. However, the share price is -2.10% below its one year high. The top price reached by the shares of the company was $6.68 on 02/12/21, while the 52-week low came on 01/04/21, when the shares were $4.45. In the past year, shares of the company have risen 92.35%. At 50 days, the moving average achieved is $5.94 while at 200 days, the moving average is $4.40. There were 0.89 million shares traded in the last session, down from 1.29 million in the previous session.

Alliance Resource Partners L.P. [NASDAQ:ARLP] Stock Valuation Metrics

Investors may find it helpful to look at historical price-sales ratios, and in the case of this stock, 0.61 PS value ratio is reported for the last one year of reported earnings. This is below the average return 0.99 for the industry, which means ARLP offers an attractive investment opportunity than its competitors do.

ARLP Share Price Support And Resistance Levels

Based on the daily chart, the immediate backing lies around the 6.54 level, and the violation of this level will cause a further drop to 6.28 level. At the upper end, 7.06 remains a key resistance. As the stock increases, it may find resistance at 6.81. In the 14-day chart, the Relative Strength Index standing at 69.01 suggests a technical neutral stance while the MACD standing at 0.44 indicates price will decrease in the next trading period. Stochastic %K at 93.45% suggests selling the stock while Percent R indicator at 1.05% suggests bullish price movement.

How much is the short interest in Alliance Resource Partners L.P.?

There have been a drop in short interest in the Alliance Resource Partners L.P. Financial stock, with short interest up by 0.24 million shares to 0.99 million shares on Feb 25, 2021. According to data provided by Yahoo Finance, the short interest on Mar 30, 2021 stood at 1.23 million shares. This -23.91% decrease suggests some bullish sentiment was experienced by the stock. Shorted shares accounted for just 1.41% of the overall float in the stock, while the stock’s days to cover moved to 2.78.

How do analysts view Alliance Resource Partners L.P.?

In regard to the share price forecast for Alliance Resource Partners L.P. stock, the analysts, as surveyed by FactSet, forecast the price to reach $6.25 in the next twelve months, representing almost an -4.64% growth from its recent price of $6.54. Among Alliance Resource Partners L.P. stock projections, $7.00 is the highest analyst target for the stock, while $5.50 is the lowest. Despite this, 2 analysts who share their consensus rating for ARLP in 2021 agree that the stock is an Overweight. The latest rating change took place on 4/17/20, when B. Riley FBR Ratings launched coverage of the stock at “Neutral” and assigned a price target of $7.0.

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