The 10-second takeaway
For the quarter ended March 31 (Q1), CONSOL Energy beat slightly on revenues and missed estimates on earnings per share.
Compared to the prior-year quarter, revenue contracted slightly and GAAP earnings per share shrank significantly.
Margins dropped across the board.
CONSOL Energy logged revenue of $1.43 billion. The 13 analysts polled by S&P Capital IQ foresaw revenue of $1.41 billion on the same basis. GAAP reported sales were 1.1% lower than the prior-year quarter's $1.44 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 $0.42. The 25 earnings estimates compiled by S&P Capital IQ predicted $0.58 per share. GAAP EPS of $0.42 for Q1 were 50% lower than the prior-year quarter's $0.84 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 32.4%, 740 basis points worse than the prior-year quarter. Operating margin was 12.4%, 800 basis points worse than the prior-year quarter. Net margin was 6.8%, 650 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 $0.42.
Next year's average estimate for revenue is $5.46 billion. The average EPS estimate is $2.07.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 643 members out of 687 rating the stock outperform, and 44 members rating it underperform. Among 135 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 126 give CONSOL Energy a green thumbs-up, and nine 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 $47.77.
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Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor of Motley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.