Can CVR Refining (CVRR) Run Higher on Strong Earnings Estimate Revisions?

CVR Refining, LP CVRR is an independent petroleum refiner company that 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 CVRR’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 CVR Refining could be a solid choice for investors.

Current Quarter Estimates for CVRR

In the past 30 days, one estimate has gone higher for CVR Refining while none have gone lower in the same time period. The trend has been pretty favorable too, with estimates increasing from nine cents a share 30 days ago, to 56 cents today, a move of 522.2%.

Current Year Estimates for CVRR

Meanwhile, CVR Refining’s current year figures are also looking quite promising, with one estimates moving higher in the past month, compared to none lower. The consensus estimate trend has also seen a boost for this time frame, increasing from 59 cents per share 30 days ago to $1.24 per share today, an increase of 110.2%.

CVR Refining, LP Price and Consensus

CVR Refining, LP Price and Consensus | CVR Refining, LP Quote

Bottom Line

The stock has also started to move higher lately, adding 22.3% 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 .

Will You Make a Fortune on the Shift to Electric Cars?

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It’s not the one you think.

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