Cloud Peak Energy Earnings: Here’s Why the Stock is Down Now

Cloud Peak Energy Inc. (NYSE:CLD) had a loss and missed Wall Street’s expectations, AND came up short on beating the revenue expectation. The revenue miss is a negative sign to shareholders seeking high growth out of the company. Shares are down 0.15%.

Cloud Peak Energy Inc. Earnings Cheat Sheet

Results: Adjusted Earnings Per Share decreased to $-0.02 in the quarter versus EPS of $0.34 in the year-earlier quarter.

Revenue: Decreased 3.84% to $330 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: Cloud Peak Energy Inc. reported adjusted EPS loss of $0.02 per share. By that measure, the company missed the mean analyst estimate of $0.06. It missed the average revenue estimate of $334.85 million.

Quoting Management: Colin Marshall, President and Chief Executive Officer, commented, “After successfully completing several large scheduled maintenance outages in the second quarter, we anticipate higher shipment rates in the second half to meet our contracted positions. With higher shipments, we expect to be able to run at lower costs per ton in the second half of the year thereby increasing our profitability compared to our year-to-date performance. We were very pleased to receive the BIA approval of agreements with the Crow Tribe, and we will now proceed with our evaluation of the many development alternatives available to us.”

Key Stats (on next page)…

Revenue decreased 2.38% from $338.05 million in the previous quarter. EPS decreased to $-0.02 in the quarter versus EPS of $0.11 in the previous quarter.

Looking Forward: Analysts have a more negative outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has fallen from a profit of $0.32 to a profit $0.31. For the current year, the average estimate has moved down from a profit of $1.12 to a profit of $0.79 over the last ninety days.

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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)

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