CONSOL Energy (NYSE: CNX ) reported earnings on Oct. 25. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended Sep. 30 (Q3), CONSOL Energy missed estimates on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue shrank significantly and GAAP earnings per share dropped to a loss. The non-GAAP profit was a surprise, as analysts had predicted a loss.
Margins contracted across the board.
CONSOL Energy notched revenue of $1.16 billion. The 14 analysts polled by S&P Capital IQ anticipated sales of $1.21 billion on the same basis. GAAP reported sales were 23% lower than the prior-year quarter's $1.50 billion.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at $0.12. The 18 earnings estimates compiled by S&P Capital IQ forecast -$0.04 per share. GAAP EPS were -$0.05 for Q3 versus $0.73 per share for the prior-year quarter.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 25.3%, 1,100 basis points worse than the prior-year quarter. Operating margin was 2.0%, 1,480 basis points worse than the prior-year quarter. Net margin was -1.0%, 1,220 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $1.31 billion. On the bottom line, the average EPS estimate is $0.24.
Next year's average estimate for revenue is $5.30 billion. The average EPS estimate is $0.91.
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 636 members out of 693 rating the stock outperform, and 57 members rating it underperform. Among 130 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 118 give CONSOL Energy a green thumbs-up, and 12 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on CONSOL Energy is outperform, with an average price target of $40.52.
Is CONSOL Energy the right energy stock for you? Read about a handful of timely, profit-producing plays on expensive crude in "3 Stocks for $100 Oil." Click here for instant access to this free report.
- Add CONSOL Energy to My Watchlist.