Consol Energy Third Quarter Earnings Sneak Peek

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S&P 500 (NYSE:SPY) component Consol Energy (NYSE:CNX) will unveil its latest earnings on Thursday, October 25, 2012. Consol Energy is a coal and gas energy producer and energy services provider that mainly serves the electric power generation industry in the United States.

Consol Energy Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for net income of 9 cents per share, a decline of 87.7% from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved down from 45 cents. Between one and three months ago, the average estimate moved down. It also has dropped from 37 cents during the last month. Analysts are projecting profit to rise by 63.5% versus last year to $1.11.

Past Earnings Performance: Last quarter, the company missed estimates by one cent, coming in at profit of 31 cents per share against an estimate of net income of. In the first quarter, the company also missed expectations.

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A Look Back: In the second quarter, profit rose 97.4% to $152.7 million (67 cents a share) from $77.4 million (34 cents a share) the year earlier, but fell short analyst expectations. Revenue fell 8.4% to $1.45 billion from $1.59 billion.

Stock Price Performance: Between July 26, 2012 and October 19, 2012, the stock price rose $6.75 (23.7%), from $28.46 to $35.21. The stock price saw one of its best stretches over the last year between August 2, 2012 and August 9, 2012, when shares rose for six straight days, increasing 18.9% (+$5.25) over that span. It saw one of its worst periods between September 14, 2012 and September 26, 2012 when shares fell for nine straight days, dropping 11% (-$3.60) over that span.

Wall St. Revenue Expectations: Analysts are projecting a decline of 19.7% in revenue from the year-earlier quarter to $1.22 billion.

Key Stats:

On the top line, the company is hoping to use this earnings announcement to snap a string of two-straight quarters of revenue declines. Revenue fell 2.6% in the first quarter and dropped again in the second quarter.

The company enters this earnings announcement with steady profits recently. Net income has risen year-over-year average of 64.3% for the last four quarters.

Balance Sheet Analysis: The company’s current ratio of assets to liabilities came in at 1.32 last quarter. The current ratio is an indication of a firm’s liquidity and ability to meet creditor demands and generally, for every dollar the company owes in the short term, it has that figure available in assets that can be converted to cash in the short term.

Analyst Ratings: With 13 analysts rating the stock a buy, two rating it a sell and five rating the stock a hold, there are indications of a bullish stance by analysts.

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(Company fundamentals by Xignite Financials. Earnings estimates provided by Zacks)

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