The 10-second takeaway
For the quarter ended June 30 (Q2), CONSOL Energy met expectations on revenues and missed expectations on earnings per share.
Compared to the prior-year quarter, revenue dropped significantly. Non-GAAP earnings per share contracted to a loss. GAAP earnings per share dropped to a loss.
Gross margins increased, operating margins contracted, net margins contracted.
CONSOL Energy logged revenue of $1.22 billion. The 10 analysts polled by S&P Capital IQ expected revenue of $1.21 billion on the same basis. GAAP reported sales were the same as the prior-year quarter's.
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 -$0.03. The 23 earnings estimates compiled by S&P Capital IQ forecast $0.17 per share. Non-GAAP EPS were -$0.03 for Q2 against $0.31 per share for the prior-year quarter. GAAP EPS were -$0.05 for Q2 compared to $0.67 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 27.6%, 80 basis points better than the prior-year quarter. Operating margin was 4.6%, 40 basis points worse than the prior-year quarter. Net margin was -1.0%, much worse than the prior-year quarter. (Margins calculated in GAAP terms.)
Next quarter's average estimate for revenue is $1.23 billion. On the bottom line, the average EPS estimate is $0.17.
Next year's average estimate for revenue is $4.94 billion. The average EPS estimate is $0.80.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 631 members out of 681 rating the stock outperform, and 50 members rating it underperform. Among 126 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 111 give CONSOL Energy a green thumbs-up, and 15 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 $40.92.
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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. 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.