Cloud Peak Energy Inc is scheduled to report second-quarter 2018 results on Jul 26. In first-quarter 2018, the coal company reported a negative earnings surprise of 25%.
Let’s see, how things are shaping up at the company prior to this announcement.
Factors to Consider
In the first quarter, Cloud Peak Energy exported 1.4 million tons of coal. The company is poised to benefit from the coal export in the second quarter as it has a contracted selling price, which is $2-$3 per ton higher than the first quarter. The company expects to gain 50% of the increased prices as it has to incur higher rail rate in Montana severance taxes.
The company has contracted 3.3 million tons for export delivery in 2018 at improved prices. The expected increase in export volumes from some Asian countries like China, South Korea and Japan are anticipated to boost Cloud Peak Energy’s coal production, which is likely to be reflected in the upcoming quarterly results.
The Zacks Consensus Estimate for second-quarter total revenues has increased 0.44% to $230 million from the same period last year.
Cloud Peak Energy Inc Price and EPS Surprise
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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.
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Cloud Peak Energy Inc is scheduled to report second-quarter 2018 results on Jul 26. In first-quarter 2018, the coal company reported a negative earnings surprise of 25%.
Let’s see, how things are shaping up at the company prior to this announcement.
Factors to Consider
In the first quarter, Cloud Peak Energy exported 1.4 million tons of coal. The company is poised to benefit from the coal export in the second quarter as it has a contracted selling price, which is $2-$3 per ton higher than the first quarter. The company expects to gain 50% of the increased prices as it has to incur higher rail rate in Montana severance taxes.
The company has contracted 3.3 million tons for export delivery in 2018 at improved prices. The expected increase in export volumes from some Asian countries like China, South Korea and Japan are anticipated to boost Cloud Peak Energy’s coal production, which is likely to be reflected in the upcoming quarterly results.
The Zacks Consensus Estimate for second-quarter total revenues has increased 0.44% to $230 million from the same period last year.
Cloud Peak Energy Inc Price 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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