CONSOL Energy, Inc. Second Quarter Earnings Sneak Peek

S&P 500 (NYSE:SPY) component CONSOL Energy, Inc. (NYSE:CNX) will unveil its latest earnings on Thursday, July 28, 2011. Consol Energy, Inc. 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, Inc. Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for net income of 76 cents per share, a rise of 68.9% from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved up from 65 cents. Between one and three months ago, the average estimate moved up, and has risen from 67 cents during the last month. For the year, analysts are projecting profit of $3.03 per share, a rise of 34.7% from last year.

Past Earnings Performance: The company beat estimates last quarter after falling short in the prior two. In the first quarter, the company reported net income of 84 cents per share versus a mean estimate of profit of 78 cents per share. In the fourth quarter of the last fiscal year, the company missed estimates by 2 cents.

Get more Earnings Cheat Sheets with our in depth coverage of earnings season >>

Wall St. Revenue Expectations: On average, analysts predict $1.41 billion in revenue this quarter, a rise of 9.3% from the year ago quarter. Analysts are forecasting total revenue of $5.67 billion for the year, a rise of 8.2% from last year’s revenue of $5.24 billion.

Analyst Ratings: Analysts are bullish on this stock with 18 analysts rating it as a buy, none rating it as a sell and five rating it as a hold.

Key Stats:

The increase in profit in the first quarter breaks a streak of three consecutive quarters of year-over-year profit decreases. In the first quarter, net income rose 91.6% from the year earlier, while the figure dropped 27% in the fourth quarter of the last fiscal year, 13.7% in the third quarter of the last fiscal year and 41.2% in the second quarter of the last fiscal year.

Revenue has risen the past four quarters. Revenue increased 18.2% to $1.47 billion in first quarter. The figure rose 9.6% in the fourth quarter of the last fiscal year from the year earlier, climbed 23.3% in the third quarter of the last fiscal year from the year-ago quarter and 20.4% in the second quarter of the last fiscal year.

Competitors to Watch: Peabody Energy Corporation (NYSE:BTU), Arch Coal, Inc. (NYSE:ACI), Alliance Holdings GP, L.P. (NASDAQ:AHGP), Intl. Coal Group, Inc. (NYSE:ICO), Patriot Coal Corporation (NYSE:PCX), Massey Energy Company (NYSE:MEE), Natural Resource Partners LP (NYSE:NRP), Alpha Natural Resources, Inc. (NYSE:ANR), James River Coal Company (NASDAQ:JRCC), and Oxford Resource Partners, LP (NYSE:OXF).

Stock Price Performance: During June 23, 2011 to July 22, 2011, the stock price had risen $7.21 (15.1%) from $47.61 to $54.82. The stock price saw one of its best stretches over the last year between July 12, 2011 and July 22, 2011 when shares rose for nine-straight days, rising 14% (+$6.75) over that span. It saw one of its worst periods between August 4, 2010 and August 16, 2010 when shares fell for nine-straight days, falling 7.7% (-$2.99) over that span. Shares are up $6.28 (+12.9%) year to date.

(Source: Xignite Financials)

Get more Earnings Cheat Sheets with our in depth coverage of earnings season >>

More from The Cheat Sheet