CONSOL Energy Inc. Third Quarter Earnings Sneak Peek

S&P 500 (NYSE:SPY) component CONSOL Energy, Inc. (NYSE:CNX) will unveil its latest earnings on Thursday, October 27, 2011. 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, Inc. Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for profit of 65 cents per share, a rise of 47.7% 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 67 cents. Between one and three months ago, the average estimate moved down. It has risen from 64 cents during the last month. For the year, analysts are projecting net income of $2.89 per share, a rise of 28.4% from last year.

Past Earnings Performance: The company fell in line with estimates last quarter after topping forecasts the quarter before. After coming in above the mean estimate by 6 cents in the first quarter, the company fell in line with expecations by reporting profit of 76 cents per share last quarter.

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Wall St. Revenue Expectations: On average, analysts predict $1.39 billion in revenue this quarter, a rise of 3% from the year ago quarter. Analysts are forecasting total revenue of $5.85 billion for the year, a rise of 11.6% from last year’s revenue of $5.24 billion.

Analyst Ratings: Analysts are bullish on this stock with 17 analysts rating it as a buy, none rating it as a sell and three rating it as a hold.

A Look Back: In the second quarter, profit rose 16.1% to $77.4 million (34 cents a share) from $66.7 million (29 cents a share) the year earlier, meeting analyst expectations. Revenue rose 23.2% to $1.59 billion from $1.29 billion.

Key Stats:

Revenue has risen the past four quarters. Revenue rose 18.2% in the first quarter from the year earlier, climbed 9.6% in the fourth quarter of the last fiscal year from the year-ago quarter and 23.3% in the third quarter of the last fiscal year.

The company has seen net income rise in two straight quarters. In the first quarter, profit rose 91.6%.

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 July 28, 2011 to October 21, 2011, the stock price had fallen $11.88 (-22.3%) from $53.34 to $41.46. 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 14.1% (+$6.74) over that span. It saw one of its worst periods between September 15, 2011 and September 23, 2011 when shares fell for seven-straight days, falling 21.1% (-$9.11) over that span. Shares are down $6.97 (-14.4%) year to date.

(Source: Xignite Financials)

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