CONSOL Energy Misses Where It Counts

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CONSOL Energy (NYS: CNX) reported earnings on April 26. Here are the numbers you need to know.

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.

Revenue details
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.

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Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.

EPS details
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.

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Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.

Margin details
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.

Looking ahead
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.

Investor sentiment
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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At the time this article was published 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 ofMotley 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.

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