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Earnings Estimates Moving Higher for Arc Logistics (ARCX): Time to Buy?

Arc Logistics Partners LP ARCX is a logistics service provider 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 ARCX‘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 Arc Logistics could be a solid choice for investors.

Current Quarter Estimates for ARCX

In the past 30 days, 1 estimate has gone higher for Arc Logistics, with no downward revisions in the same time period. The trend has been pretty favorable too, with estimates increasing from 13 cents a share 30 days ago, to 17 cents a share today, a move of 30.8%.  

Current Year Estimates for ARCX

Meanwhile, Arc Logistics’ current year figures are also looking quite promising, with 1 estimate moving higher in the past month, with no downward revisions. The consensus estimate trend has also seen a boost for this time frame, increasing from 46 cents per share 30 days ago to 57 cents per share today, an increase of 24%.

Bottom Line

The stock has also started to move higher lately, adding 25.6% 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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ARC LOGISTICS (ARCX): Free Stock Analysis Report
 
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