James River Coal Company Third Quarter Earnings Sneak Peek

James River Coal Company (NASDAQ:JRCC) will unveil its latest earnings on Tuesday, November 8, 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 net income of 17 cents per share, a decline of 48.5% 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 74 cents. Between one and three months ago, the average estimate moved down. It also has dropped from 22 cents during the last month. For the year, analysts are projecting profit of 52 cents per share, a decline of 81.6% from last year.

Past Earnings Performance: The company is looking to top analyst estimates this quarter after trailing for the two previous quarters. Last quarter, it missed estimates by reporting net income of 31 cents per share against an estimate of profit of 48 cents per share. The quarter before that, it missed expectations by 38 cents.

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Wall St. Revenue Expectations: On average, analysts predict $337.2 million in revenue this quarter, a rise of 96.7% from the year ago quarter. Analysts are forecasting total revenue of $1.18 billion for the year, a rise of 68.3% from last year’s revenue of $701.1 million.

Analyst Ratings: Analysts seem relatively indifferent about James River Coal Company with seven of 10 analysts surveyed maintaining a hold rating.

A Look Back: In the second quarter, profit fell 96% to $789,000 (2 cents a share) from $19.9 million (71 cents a share) the year earlier, missing analyst expectations. Revenue rose 92.3% to $352 million from $183 million.

Key Stats:

Revenue rose in the second quarter after seeing a drop the quarter before. In the first quarter, revenue fell 10.8%.

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), Colombia Clean Power & Fuels, Inc. (CCPF), and Walter Energy, Inc. (NYSE:WLT).

Stock Price Performance: During October 5, 2011 to November 2, 2011, the stock price had risen $2.43 (32.4%) from $7.51 to $9.94. 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 $15.39 (-60.8%) year to date.

(Source: Xignite Financials)

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