We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
CONSOL Coal (CCR) to Report Q3 Earnings: What's in Store?
Read MoreHide Full Article
CONSOL Coal Resources LP is expected to report third-quarter 2018 results on Nov 1, before the opening bell. In the last four quarters, the coal company delivered an average positive earnings surprise of 2.72%.
Let’s see how things are shaping up for this announcement.
Factors to Consider
Total production of coal is expected to drop sequentially due to higher number of longwall moves at its mines during the third quarter. The planned longwall moves will also increase capital expenditure, adversely impacting free cash flow of CONSOL Coal.
CONSOL Coal is poised to gain from the revival of coal prices and its reentry in the domestic metallurgical coal market. The company will also benefit courtesy of strong demand from the international markets.
CONSOL Coal’s third-quarter margins and earnings are also expected to have improved, as the company is lowering outstanding debts and buying back shares.
What Does the Zacks Model Unveil?
Our proven model does not indicate that CONSOL Coal is going to beat on earnings this season. This is because it currently does not have the right combination of two key ingredients. A stock needs to have both a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) for this to happen. You can see the complete list of today’s Zacks #1 Rank stocks here.
You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Earnings ESP: The company has an Earnings ESP of 0.00%. This is because the Most Accurate Estimate and the Zacks Consensus Estimate are both pegged at 31 cents per unit.
Zacks Rank: CONSOL Coal currently carries a Zacks Rank #1, which increases the possibility of an earnings beat. However, the combination of CONSOL Coal’s Zacks Rank #1 and 0.00% ESP makes it quite uncertain of an earnings beat in the quarter to be reported.
We caution against Sell-rated stocks (#4 or 5) going into the earnings announcement, especially when the company is witnessing negative estimate revisions.
Stocks to Consider
Investors can consider the following players from the Zacks Oil and Energy sector, which have the right combination of elements to post an earnings beat in the to-be-reported quarter.
Warrior Met Coal Inc. (HCC - Free Report) is anticipated to report third-quarter 2018 results on Oct 31. It has an Earnings ESP of +0.07% and carries a Zacks Rank #2.
CNX Resources Corporation (CNX - Free Report) is anticipated to release third-quarter 2018 results on Oct 30. It has an Earnings ESP of +9.01% and a Zacks Rank #2.
Enbridge Inc. (ENB - Free Report) is anticipated to release third-quarter 2018 results on Nov 2. It has an Earnings ESP of +5.67% and holds a Zacks Rank #2.
Looking for Stocks with Skyrocketing Upside?
Zacks has just released a Special Report on the booming investment opportunities of legal marijuana.
Ignited by new referendums and legislation, this industry is expected to blast from an already robust $6.7 billion to $20.2 billion in 2021. Early investors stand to make a killing, but you have to be ready to act and know just where to look.
Image: Bigstock
CONSOL Coal (CCR) to Report Q3 Earnings: What's in Store?
CONSOL Coal Resources LP is expected to report third-quarter 2018 results on Nov 1, before the opening bell. In the last four quarters, the coal company delivered an average positive earnings surprise of 2.72%.
Let’s see how things are shaping up for this announcement.
Factors to Consider
Total production of coal is expected to drop sequentially due to higher number of longwall moves at its mines during the third quarter. The planned longwall moves will also increase capital expenditure, adversely impacting free cash flow of CONSOL Coal.
CONSOL Coal is poised to gain from the revival of coal prices and its reentry in the domestic metallurgical coal market. The company will also benefit courtesy of strong demand from the international markets.
CONSOL Coal’s third-quarter margins and earnings are also expected to have improved, as the company is lowering outstanding debts and buying back shares.
What Does the Zacks Model Unveil?
Our proven model does not indicate that CONSOL Coal is going to beat on earnings this season. This is because it currently does not have the right combination of two key ingredients. A stock needs to have both a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) for this to happen. You can see the complete list of today’s Zacks #1 Rank stocks here.
You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
CONSOL Coal Resources LP Price and EPS Surprise
CONSOL Coal Resources LP Price and EPS Surprise | CONSOL Coal Resources LP Quote
Earnings ESP: The company has an Earnings ESP of 0.00%. This is because the Most Accurate Estimate and the Zacks Consensus Estimate are both pegged at 31 cents per unit.
Zacks Rank: CONSOL Coal currently carries a Zacks Rank #1, which increases the possibility of an earnings beat. However, the combination of CONSOL Coal’s Zacks Rank #1 and 0.00% ESP makes it quite uncertain of an earnings beat in the quarter to be reported.
We caution against Sell-rated stocks (#4 or 5) going into the earnings announcement, especially when the company is witnessing negative estimate revisions.
Stocks to Consider
Investors can consider the following players from the Zacks Oil and Energy sector, which have the right combination of elements to post an earnings beat in the to-be-reported quarter.
Warrior Met Coal Inc. (HCC - Free Report) is anticipated to report third-quarter 2018 results on Oct 31. It has an Earnings ESP of +0.07% and carries a Zacks Rank #2.
CNX Resources Corporation (CNX - Free Report) is anticipated to release third-quarter 2018 results on Oct 30. It has an Earnings ESP of +9.01% and a Zacks Rank #2.
Enbridge Inc. (ENB - Free Report) is anticipated to release third-quarter 2018 results on Nov 2. It has an Earnings ESP of +5.67% and holds a Zacks Rank #2.
Looking for Stocks with Skyrocketing Upside?
Zacks has just released a Special Report on the booming investment opportunities of legal marijuana.
Ignited by new referendums and legislation, this industry is expected to blast from an already robust $6.7 billion to $20.2 billion in 2021. Early investors stand to make a killing, but you have to be ready to act and know just where to look.
See the pot trades we're targeting>>