CONSOL Energy Earnings: Here’s Why Investors are Ambivalent Now

CONSOL Energy Inc. (NYSE:CNX) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company.

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CONSOL Energy Inc. Earnings Cheat Sheet

Results: Adjusted Earnings Per Share decreased 54.76% to $0.19 in the quarter versus EPS of $0.42 in the year-earlier quarter.

Revenue: Decreased 9.61% to $1.29 billion from the year-earlier quarter.

Actual vs. Wall St. Expectations: CONSOL Energy Inc. reported adjusted EPS income of $0.19 per share. By that measure, the company beat the mean analyst estimate of $0.18. It beat the average revenue estimate of $1.27 billion.

Quoting Management: “Our tier one low-vol assets at Buchanan Mine,” commented Chairman and Chief Executive Officer J. Brett Harvey, “are perhaps the lowest cost metallurgical coal assets in the country. While I believe that the investment community has been more focused on lower prices from a softer world-wide met coal market, our ability to successfully manage costs has helped mitigate the impact of lower prices on profitability.”

Key Stats (on next page)…

Revenue decreased 7.15% from $1.39 billion in the previous quarter. EPS decreased 55.81% from $0.43 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 $0.24 to a profit $0.2. For the current year, the average estimate has moved down from a profit of $1.1 to a profit of $1.02 over the last ninety days.

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