Surging Earnings Estimates Signal Good News For Jones Energy(JONE)

Jones Energy, Inc. JONE that is a renowned oil and gas company 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 JONE’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 Marathon Petroleum could be a solid choice for investors.

Current Quarter Estimates for JONE

In the past 30 days, only one estimate has gone higher for Jones Energy while none have gone lower in the same time period. The trend has been pretty favorable too, with estimates narrowing from a loss of 15 cents a share 30 days ago, to a loss of 14 cents today, a move of 7% .

Current Year Estimates for JONE

Meanwhile, Jones Energy’s current year figures are also looking quite promising, with one estimates moving higher in the past month, compared to one lower. The consensus estimate trend has also seen a boost for this time frame, narrowing from a loss of 22 cents a share 30 days ago, to a loss of 13 cents today, a move of 32% .

Jones Energy, Inc. Price and Consensus

Jones Energy, Inc. Price and Consensus | Jones Energy, Inc. Quote

Bottom Line

The stock has also started to move higher lately, adding 65.3% 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. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
 

Looking for Stocks with Skyrocketing Upside?

Zacks has just released a Special Report on the booming investment opportunities of legal marijuana.

Ignited by new referendums and legislation, this industry is expected to blast from an already robust $6.7 billion to $20.2 billion in 2021. Early investors stand to make a killing, but you have to be ready to act and know just where to look.

See the pot trades we're targeting>>


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
 
Jones Energy, Inc. (JONE): Free Stock Analysis Report
 
To read this article on Zacks.com click here.
 
Zacks Investment Research

Comments on JONE stock