Company Overview - REX American Resources Corporation (REX) is positioned as an intriguing investment choice within the Biofuels sector due to solid earnings estimate revisions and a favorable Zacks Industry Rank [1][5] - The company has experienced a positive shift in earnings estimates, indicating a more bullish outlook from analysts regarding its short and long-term prospects [3][4] Industry Analysis - The Biofuels industry currently holds a Zacks Industry Rank of 10 out of over 250 industries, suggesting a strong position relative to other sectors [2] - The overall positive trends in the Biofuels segment are likely benefiting multiple securities within the industry, indicating a rising tide effect [2] Earnings Estimates - Over the past month, REX's current quarter earnings estimates have increased from $0.26 per share to $0.34 per share, while current year estimates have risen from $1.34 per share to $1.55 per share [4] - These revisions have contributed to REX earning a Zacks Rank 1 (Strong Buy), highlighting the company's robust position in the market [4]
Why You Shouldn't Bet Against REX American Resources (REX) Stock