CNX Resources Corporation (CNX - Free Report) reported adjusted earnings of 19 cents per share in first-quarter 2018, beating the Zacks Consensus Estimate of 12 cents by 58.3%. The bottom line improved 11.8% year over year.
Revenues
CNX Resources’ total revenues of $495.7 million in the first quarter surpassed the Zacks Consensus Estimate of $406 million by 22.1%.
Total revenues were higher than the year-ago quarter figure by 54.9%. The significant year-over-year growth was due to higher contribution from Natural Gas, NGL and oil sales and gain on Commodity Derivative Instrument.
CNX Resources Corporation. Price, Consensus and EPS Surprise
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.
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CNX Resources Corporation (CNX - Free Report) reported adjusted earnings of 19 cents per share in first-quarter 2018, beating the Zacks Consensus Estimate of 12 cents by 58.3%. The bottom line improved 11.8% year over year.
Revenues
CNX Resources’ total revenues of $495.7 million in the first quarter surpassed the Zacks Consensus Estimate of $406 million by 22.1%.
Total revenues were higher than the year-ago quarter figure by 54.9%. The significant year-over-year growth was due to higher contribution from Natural Gas, NGL and oil sales and gain on Commodity Derivative Instrument.
CNX Resources Corporation. Price, Consensus and EPS Surprise
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 >>
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