St. Louis, VA based Alpha Natural Resources, Inc. (ANR) together with its subsidiaries, is engaged in extracting, processing, and marketing thermal and metallurgical coal. The company has operations in Virginia, West Virginia, Kentucky, Pennsylvania and Wyoming. Alpha Natural Resources serves customers on five continents and is a leading producer and supplier of metallurgical coal for use in the steelmaking process in U.S. A supply glut in the global markets has pulled down thermal and metallurgical coal prices. To cope with sustained weakness in demand, Alpha Natural Resources decided to idle few mines in West Virginia. Estimate Trend & Surprise History Investors should note that the estimate for Alpha Natural Resources for the first quarter has hardly moved over the last 90 days. The current Zacks Consensus Estimate is a loss of 76 cents remained unchanged over the aforesaid period. Coming to the earnings surprise, Alpha Natural Resources has surpassed the Zacks Consensus Estimate in last four quarters, resulting in a positive average surprise of 46.0%. Zacks Rank: Currently, Alpha Natural Resources has a Zacks Rank#2 (Buy) but that could change following its first quarter 2015 earnings report which has just released. We have highlighted some of the key details from the just-released announcement below: Earnings: Alpha Natural Resource’s was wider than expected. Adjusted Loss per share came in at 79 cents, wider than the Zacks Consensus Estimate of 76 cents. Revenue: Revenues of nearly $842 million were short of the Zacks Consensus Estimate of $881 million by 4.4% and down 24.3% year over year. Key Stats: Alpha Natural Resources shipped 4 million tons of metallurgical coal in the reported quarter compared with 4.4 million tons in first quarter 2014. Stock Price: It would be interesting to see how the market reacts to the wider than expected loss during the trading session today. Check back later for our full write up on this ANR earnings report later! Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report ALPHA NATRL RES (ANR): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research
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