James River Coal Company Second Quarter Earnings Sneak Peek

James River Coal Company (NASDAQ:JRCC) will unveil its latest earnings on Thursday, August 4, 2011. James River Coal Company mines, processes and sells bituminous, steam- and industrial-grade coal through six operating subsidiaries located throughout eastern Kentucky and one in southern Indiana.

James River Coal Company Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for profit of 48 cents per share, a decline of 32.4% 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 61 cents. Between one and three months ago, the average estimate moved down and dropped from 53 cents during the last month. For the year, analysts are projecting net income of $1.97 per share, a decline of 30.1% from last year.

Past Earnings Performance: The company fell short of estimates last quarter after topping forecasts the quarter prior. In the first quarter, it reported a loss of 11 cents per share against a mean estimate of 27 cents. Two quarters ago, it beat expectations by 67 cents with profit of 93 cents.

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Wall St. Revenue Expectations: On average, analysts predict $295.3 million in revenue this quarter, a rise of 61.4% from the year ago quarter. Analysts are forecasting total revenue of $1.13 billion for the year, a rise of 61.2% from last year’s revenue of $701.1 million.

Analyst Ratings: Analysts are bullish on James River Coal Company as five analysts rate it as a buy, none rate it as a sell and five rate it as a hold.

Key Stats:

A year-over-year revenue decrease in the first quarter snaps a streak of three consecutive quarters of revenue increases. Revenue fell 10.8% in the first quarter and rose 8.4%in the fourth quarter of the last fiscal year, 1.8% in the third quarter of the last fiscal year and 6.6% in the second quarter of the last fiscal year.

James River Coal Company’s loss in the latest quarter follows profits in the previous three quarters. The company reported a loss of of $7.6 million in the first quarter, a profit of $25.9 million in the fourth quarter of the last fiscal year, a profit of $9.2 million in the third of the last fiscal year and a profit of $19.9 million in the second quarter of the last fiscal year.

Competitors to Watch: Alliance Holdings GP, L.P. (NASDAQ:AHGP), Intl. Coal Group, Inc. (NYSE:ICO), Peabody Energy Corporation (NYSE:BTU), Natural Resource Partners LP (NYSE:NRP), Arch Coal, Inc. (NYSE:ACI), Alliance Resource Partners, L.P. (NASDAQ:ARLP), Patriot Coal Corporation (NYSE:PCX), CONSOL Energy Inc. (NYSE:CNX), and Walter Energy, Inc. (NYSE:WLT).

Stock Price Performance: During May 4, 2011 to July 29, 2011, the stock price had fallen $4.03 (-17.5%) from $22.99 to $18.96. The stock price saw one of its best stretches over the last year between June 17, 2011 and July 1, 2011 when shares rose for 11-straight days, rising 12.1% (+$2.28) over that span. It saw one of its worst periods between April 1, 2011 and April 14, 2011 when shares fell for 10-straight days, falling 12.4% (-$3.11) over that span. Shares are down $6.37 (-25.1%) year to date.

(Source: Xignite Financials)

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