Finance

CONSOL Energy Inc. (NYSE:CNX) topped earnings-per-share estimates 41% of the time

CONSOL Energy Inc. (NYSE:CNX) is projected to declare fiscal first quarter financial results right before the stock market’s official open on April 27, 2017. The stock lost about -17 percent in price since last results when it was at $18.3 a share. Based on the most relevant past-periods data, there is an 59.26 percent probability for this firm’s share price to go up following next quarterly results. Earnings reaction history tells us that the equity price moved up 16 times out of last 27 reported quarters. It has beaten earnings-per-share estimates 41% of the time in its last 12 earnings reports. It fell short of earnings estimates on 7 occasions, and it has met expectations 0 time.

Here’s how traders responded to CNX earnings announcements over the past few quarters.

CONSOL Energy Inc. (CNX) Earnings Surprises & Reaction

Given its history, the average earnings announcement surprise was 15.58 percent over the past four quarters. Back on January 31, 2017, it posted earnings per-share earnings at $0 which beat the consensus $-0.01 projection (positive surprise of100%. For the quarter, revenue came in at 462.02M versus consensus estimate of 610.32M. The stock dropped -7.43 percent the session following the earnings reports were released, and on 7th day price change was -5.63 percent.

On November 1, 2016, it reported earnings at $-0.15 a share compared with the consensus estimate of $-0.11 per share (negative surprise of -36.36%). Revenue of 745.58M for that quarter was above the $558.08M analysts had expected. The stock climbed 8.73% the day following the earnings announcement, and on 7th day price change was 1.06%.

On July 26, 2016, it recorded $-0.21 a share in earnings which missed the consensus estimate of $-0.17 (negative surprise of -23.53%). Revenue for the quarter was $285.8M while analysts called for revenues to be $566.68M. The stock gained 6.87% the day following the earnings data was made public, and on 7th day price change was 7.86%.

On April 26, 2016, it announced earnings per share at $-0.07 versus the consensus estimate of $-0.09 per share (positive surprise of 22.22%). That came on revenues of $558.51M for that period. Analysts had expected $675.14M in revenue.

CONSOL Energy Inc. Earnings Estimates

As Q1 earnings announcement date approaches, Wall Street is expecting earnings per share of $0.12. The analysts’ present consensus range is $0.04-$0.18 for EPS. The market consensus range for revenue is between $612.5M and $675.8M, with an average of $645.87M.

CONSOL Energy Inc. (NYSE:CNX) last ended at $15.35, sending the company’s market cap near $3.52B. The consensus 12-month price target from analysts covering the stock is $22.25. The share price has declined -31.29% from its top level in 52 weeks and advanced -15.8% this year. It recently traded in a range of $15.16-$15.52 at a volume of 2083472 shares. The recent trading ended with the price nearly -2.23 lower for the last 5 trading days, rebounding 58.9% from its 52-week low.

 

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