CNX Resources Corporation (CNX - Free Report) reported second-quarter 2020 adjusted earnings of 13 cents per share, which surpassed the Zacks Consensus Estimate of 3 cents by a whopping 333.3%. Earnings also increased 116.7% from the year-ago figure of 6 cents per share.
On a GAAP basis, loss for the reported quarter was 78 cents per share versus earnings of 84 cents in the year-ago period. The second-quarter 2020 results included unrealized loss on commodity derivative instruments of $206 million.
Revenues
Total second-quarter revenues of $148.4 million missed the Zacks Consensus Estimate of $329 million by 54.9%. The top line also decreased 75.4% from the year-ago quarter.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
CNX Resources Corporation (CNX - Free Report) reported second-quarter 2020 adjusted earnings of 13 cents per share, which surpassed the Zacks Consensus Estimate of 3 cents by a whopping 333.3%. Earnings also increased 116.7% from the year-ago figure of 6 cents per share.
On a GAAP basis, loss for the reported quarter was 78 cents per share versus earnings of 84 cents in the year-ago period. The second-quarter 2020 results included unrealized loss on commodity derivative instruments of $206 million.
Revenues
Total second-quarter revenues of $148.4 million missed the Zacks Consensus Estimate of $329 million by 54.9%. The top line also decreased 75.4% from the year-ago quarter.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Get the latest research report on DVN - FREE
Get the latest research report on OXY - FREE
Get the latest research report on CNX - FREE
Get the latest research report on MUR - FREE