The 10-second takeaway
For the quarter ended March 31 (Q1), CONSOL Energy met expectations on revenues and missed estimates on earnings per share.
Compared to the prior-year quarter, revenue dropped. Non-GAAP earnings per share dropped significantly. GAAP earnings per share contracted to a loss.
Margins dropped across the board.
CONSOL Energy reported revenue of $1.29 billion. The 11 analysts polled by S&P Capital IQ anticipated revenue of $1.28 billion on the same basis. GAAP reported sales were 6.1% lower than the prior-year quarter's $1.37 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 $0.19. The 24 earnings estimates compiled by S&P Capital IQ averaged $0.20 per share. Non-GAAP EPS of $0.19 for Q1 were 55% lower than the prior-year quarter's $0.42 per share. GAAP EPS were -$0.01 for Q1 against $0.42 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 25.6%, 420 basis points worse than the prior-year quarter. Operating margin was 4.0%, 500 basis points worse than the prior-year quarter. Net margin was -0.1%, 720 basis points worse than the prior-year quarter. (Margins calculated in GAAP terms.)
Next quarter's average estimate for revenue is $1.21 billion. On the bottom line, the average EPS estimate is $0.15.
Next year's average estimate for revenue is $4.98 billion. The average EPS estimate is $0.87.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 629 members out of 678 rating the stock outperform, and 49 members rating it underperform. Among 121 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 107 give CONSOL Energy a green thumbs-up, and 14 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 $40.32.
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.
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. The Motley Fool has no position in any of the stocks mentioned. 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.