S&P 500 (NYSE:SPY) component Consol Energy (NYSE:CNX) will unveil its latest earnings tomorrow, Thursday, January 31, 2013. Consol Energy is a coal and gas energy producer and energy services provider that mainly serves the electric power generation industry in the United States.
Consol Energy Earnings Preview Cheat Sheet
Wall St. Earnings Expectations: The average estimate of analysts is for profit of 22 cents per share, a decline of 69% from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved down from 26 cents. Between one and three months ago, the average estimate moved down. It has risen from 21 cents during the last month. For the year, analysts are projecting net income of 89 cents per share, a decline of 70.7% from last year.
Past Earnings Performance: For the past three quarters, the company’s quarterly results have come in below analyst’s expectations. Last quarter, the company reported net loss of 5 cents per share versus a mean estimate of profit of 2 cents per share.
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A Look Back: In the third quarter, the company swung to a loss of $11.4 million (5 cents a share) from a profit of $167.3 million (73 cents) a year earlier, missing analyst expectations. Revenue fell 23.8% to $1.16 billion from $1.52 billion.
Here’s how Consol Energy traded following its last earnings report 3 months ago and leading up to its upcoming earnings report this week: