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CONSOL Energy CNX will release third-quarter 2015 financial results before the market bell on Oct 27, 2015. The company reported a negative surprise of as much as 3,800.0% in the previous quarter. Let’s see how things are shaping up at CONSOL Energy prior to this announcement.
Factors to Consider
U.S. coal industry players are under tremendous stress due to increasing competition from cheap domestic natural gas and stringent measures undertaken by the government to lower emission levels in the electric utility sector. The international coal market also offers little respite with increasing competition from foreign players.
In a bid to cope with the ongoing softness in coal demand and survive the low commodity price environment, CONSOL Energy has been on the lookout for asset sales. It has also implemented zero-base budgeting and headcount right-sizing.
CONSOL Energy is increasing its focus on natural gas and working to lower its coal exposure through the formation of a coal MLP, CNX Coal Resources CNXC. However, the demand for coal is expected to drop further from the present level, thanks to the stringent Climate Action Plan, which will accentuate idling of more coal-based power plants.
Earnings Whispers?
Our proven model does not conclusively show that CONSOL Energy is likely to beat earnings this quarter. This is because a stock needs to have both a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) for this to happen. That is not the case here.
Zacks ESP: CONSOL Energy has an Earnings ESP of -150.0%. This is because the Most Accurate estimate is pegged at a loss of 5 cents while the Zacks Consensus Estimate stands at a loss of 2 cents.
Zacks Rank: Though CONSOL Energy’s Zacks Rank #3 increases the predictive power, its -150.0% ESP makes a surprise call unlikely.
We caution against stocks with a Zacks Rank #4 or 5 (Sell-rated stocks) going into the earnings announcement, especially when the company is seeing negative estimate revisions.
Stocks to Consider
We have one coal miner on our list worth recommending ahead of the third-quarter earnings release. Peabody Energy BTU has an earnings ESP of +5.46% and a Zacks Rank #3 (Hold).
Here is a company tied to the energy industry worth considering on the basis of our model, which shows that it has the right combination of elements to post an earnings beat this quarter. Natural Gas Services Group Inc. NGS has an earnings ESP of +21.05% and carries a Zacks Rank #1.
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 CONSOL ENERGY (CNX): Free Stock Analysis Report PEABODY ENERGY (BTU): Free Stock Analysis Report NATURAL GAS SVC (NGS): Free Stock Analysis Report CNX COAL RESRCS (CNXC): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research
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VanEck Vectors Global Alternative Energy ETF
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PRODUCTEUR |
CODE : CNX |
ISIN : US20854P1093 |
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ProfilIndicateurs de MarchéVALEUR : Projets & res.Communiqués de PresseRapport annuelRISQUE : Profile actifsContactez la cie |
Consol Energy est une société de production minière basée aux Etats-Unis D'Amerique. Consol Energy est productrice de charbon en USA, et détient divers projets d'exploration en USA. Son principal projet en production est BUCHANAN en USA. Consol Energy est cotée aux Etats-Unis D'Amerique et en Allemagne. Sa capitalisation boursière aujourd'hui est 1,5 milliards (1,3 milliards €). La valeur de son action a atteint son plus haut niveau récent le 06 juin 2008 à 99,79 , et son plus bas niveau récent le 26 avril 2019 à 10,00 . Consol Energy possède 47 442 200 actions en circulation. |