Calumet, Inc. (CLMT) Moves 12.5% Higher: Will This Strength Last?

Company Overview - Calumet, Inc. (CLMT) shares increased by 12.5% to $10.11 in the last trading session, following a period of 16.6% loss over the past four weeks, indicating a significant recovery in stock performance [1][2] - The company's diverse portfolio includes base oils, specialty oils, waxes, and fuels, which have been meeting and exceeding customer expectations, positioning Calumet for continued growth in key industries such as transportation, industrial, food and agriculture, and personal care [2] Financial Performance - Calumet is expected to report a quarterly loss of $0.28 per share, reflecting a year-over-year change of +54.1%, with revenues projected at $967.6 million, down 3.8% from the previous year [3] - The consensus EPS estimate for the quarter has been revised 17.8% lower over the last 30 days, indicating a negative trend in earnings estimate revisions, which typically does not lead to price appreciation [4] Industry Context - Calumet, Inc. operates within the Zacks Oil and Gas - Integrated - United States industry, where Cactus, Inc. (WHD) also operates, having closed the last trading session 11.7% higher at $39.16, despite a -24.6% return in the past month [4] - Cactus' consensus EPS estimate has changed -3.4% over the past month to $0.67, representing a year-over-year change of -10.7%, and it currently holds a Zacks Rank of 4 (Sell) [5]