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CONSOL Energy (CNX) Beats on Q1 Earnings, Ups View
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Canonsburg, PA based CONSOL Energy Inc., (CNX - Free Report) is a multi-fuel energy producer and an energy services provider, primarily catering to the U.S. power producers. The company principally operates two business lines: Coal and Natural Gas.
CONSOL Energy’s increasing focus on natural gas, along with its remaining coal operation, will help it to survive difficult industry fundamentals even when some of its coal-focused peers are going bankrupt. CONSOL is also assiduously lowering its costs and expects more cost saves in the future
CONSOL Energy formed a coal MLP, CNX Coal Resources (CNXC) to concentrate more on E&P activities. CONSOL Energy’s focus on expanding its natural gas operations is yielding positive results.
Estimate Trend & Surprise History
Investors should note that the first quarter Zacks Consensus Estimate of 11 cents per share has increased 22.2% from 9 cents over the last 90 days.
Coming to the earnings surprise, CONSOL Energy has surpassed the Zacks Consensus Estimate in two out of the last four quarters, resulting in a positive average surprise of 15.58%.
Revenue: CONSOL’s total revenues of $698.7 million in first quarter were higher than the Zacks Consensus Estimate of $644 million by 8.5%.
Check back later for our full write up on this CNX earnings report later!
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Just released, today's 220 Zacks Rank #5 Strong Sells demand urgent attention. If any are lurking in your portfolio or Watch List, they should be removed immediately. These are sinister companies because many appear to be sound investments. However, from 1988 through 2016, stocks from our Strong Sell list have actually performed 6X worse than the S&P 500.See today's Zacks "Strong Sells" absolutely free >>.
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CONSOL Energy (CNX) Beats on Q1 Earnings, Ups View
Canonsburg, PA based CONSOL Energy Inc., (CNX - Free Report) is a multi-fuel energy producer and an energy services provider, primarily catering to the U.S. power producers. The company principally operates two business lines: Coal and Natural Gas.
CONSOL Energy’s increasing focus on natural gas, along with its remaining coal operation, will help it to survive difficult industry fundamentals even when some of its coal-focused peers are going bankrupt. CONSOL is also assiduously lowering its costs and expects more cost saves in the future
CONSOL Energy formed a coal MLP, CNX Coal Resources (CNXC) to concentrate more on E&P activities. CONSOL Energy’s focus on expanding its natural gas operations is yielding positive results.
Estimate Trend & Surprise History
Investors should note that the first quarter Zacks Consensus Estimate of 11 cents per share has increased 22.2% from 9 cents over the last 90 days.
Coming to the earnings surprise, CONSOL Energy has surpassed the Zacks Consensus Estimate in two out of the last four quarters, resulting in a positive average surprise of 15.58%.
Zacks Rank: Currently, CONSOL Energy has a Zacks Rank#3 (Hold) but that could change following its first quarter 2017 earnings report which has just released. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here
We have highlighted some of the key details from the just-released announcement below:
Earnings: The company reported adjusted earnings of 17 cents per share in first quarter beating the Zacks Consensus Estimate of 11 cents by 54.5%.
CONSOL Energy Inc. Price and EPS Surprise
CONSOL Energy Inc. Price and EPS Surprise | CONSOL Energy Inc. Quote
Revenue: CONSOL’s total revenues of $698.7 million in first quarter were higher than the Zacks Consensus Estimate of $644 million by 8.5%.
Check back later for our full write up on this CNX earnings report later!
Sell These Stocks. Now.
Just released, today's 220 Zacks Rank #5 Strong Sells demand urgent attention. If any are lurking in your portfolio or Watch List, they should be removed immediately. These are sinister companies because many appear to be sound investments. However, from 1988 through 2016, stocks from our Strong Sell list have actually performed 6X worse than the S&P 500.See today's Zacks "Strong Sells" absolutely free >>.