CONSOL Energy Misses Where It Counts

Seth Jayson, The Motley Fool
Updated

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

The 10-second takeaway
For the quarter ended June 30 (Q2), CONSOL Energy beat expectations on revenues and missed estimates on earnings per share.

Compared to the prior-year quarter, revenue dropped and GAAP earnings per share expanded significantly.


Margins grew across the board.

Revenue details
CONSOL Energy tallied revenue of $1.45 billion. The 13 analysts polled by S&P Capital IQ foresaw sales of $1.31 billion on the same basis. GAAP reported sales were 6.9% lower than the prior-year quarter's $1.56 billion.

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 $0.31. The 23 earnings estimates compiled by S&P Capital IQ forecast $0.33 per share. GAAP EPS of $0.67 for Q2 were 97% higher than the prior-year quarter's $0.34 per share.

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 37.1%, 130 basis points better than the prior-year quarter. Operating margin was 18.4%, 850 basis points better than the prior-year quarter. Net margin was 10.5%, 550 basis points better than the prior-year quarter.

Looking ahead
Next quarter's average estimate for revenue is $1.36 billion. On the bottom line, the average EPS estimate is $0.44.

Next year's average estimate for revenue is $5.49 billion. The average EPS estimate is $1.69.

Investor sentiment
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 640 members out of 687 rating the stock outperform, and 47 members rating it underperform. Among 122 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 109 give CONSOL Energy a green thumbs-up, and 13 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 $43.50.

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The article CONSOL Energy Misses Where It Counts originally appeared on Fool.com.

Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is the co-advisor ofMotley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. The Motley Fool has no positions in the stocks mentioned above. Try any of our Foolish newsletter services free for 30 days. We Fools don't 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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