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.
CNX Resources (CNX) to Report Q4 Earnings: What's in Store?
Read MoreHide Full Article
CNX Resources CorporationCNX is scheduled to release fourth-quarter 2020 earnings on Jan 28, before the market opens. This exploration and production company delivered an earnings surprise of 100% in the last reported quarter.
Let’s discuss the factors that are likely to get reflected in the upcoming quarterly results.
Factors to Consider
CNX Resources is managing costs in an efficient manner and the same is expected to have lowered its operating expenses as well as boosted margins in the fourth quarter.
The company is also likely to have benefited from its strong hedging strategy in the fourth quarter. Moreover, the redemption of $895 million Senior Notes due 2022 might have lowered its capital servicing cost and aided margins.
Q4 Expectations
The Zacks Consensus Estimate for December-quarter earnings per share stands at 18 cents, suggesting a 50% rise from the year-ago period's reported figure.
What Our Quantitative Model Predicts
Our proven model does not conclusively predict an earnings beat for CNX Resources this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. But that is not the case here as you will see below.
Earnings ESP: CNX Resources has an Earnings ESP of -8.57%. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Investors can consider the following players from the same industry that have the right combination of elements to beat on earnings in the to-be-reported quarter.
Diamondback Energy (FANG - Free Report) is slated to release fourth-quarter results on Feb 22. It has an Earnings ESP of +2.96% and a Zacks Rank of 2 at present.
Viper Energy Partners LP (VNOM - Free Report) is slated to release fourth-quarter results on Feb 22. It has an Earnings ESP of +118.18% and a Zacks Rank of 1, currently.
Magnolia Oil & Gas Corporation (MGY - Free Report) is slated to release fourth-quarter results on Feb 23. It has an Earnings ESP of +5.26% and is currently Zacks #2 Ranked.
Just Released: Zacks’ 7 Best Stocks for Today
Experts extracted 7 stocks from the list of 220 Zacks Rank #1 Strong Buys that has beaten the market more than 2X over with a stunning average gain of +24.4% per year.
These 7 were selected because of their superior potential for immediate breakout.
Image: Bigstock
CNX Resources (CNX) to Report Q4 Earnings: What's in Store?
CNX Resources Corporation CNX is scheduled to release fourth-quarter 2020 earnings on Jan 28, before the market opens. This exploration and production company delivered an earnings surprise of 100% in the last reported quarter.
Let’s discuss the factors that are likely to get reflected in the upcoming quarterly results.
Factors to Consider
CNX Resources is managing costs in an efficient manner and the same is expected to have lowered its operating expenses as well as boosted margins in the fourth quarter.
The company is also likely to have benefited from its strong hedging strategy in the fourth quarter. Moreover, the redemption of $895 million Senior Notes due 2022 might have lowered its capital servicing cost and aided margins.
Q4 Expectations
The Zacks Consensus Estimate for December-quarter earnings per share stands at 18 cents, suggesting a 50% rise from the year-ago period's reported figure.
What Our Quantitative Model Predicts
Our proven model does not conclusively predict an earnings beat for CNX Resources this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. But that is not the case here as you will see below.
CNX Resources Corporation. Price and EPS Surprise
CNX Resources Corporation. price-eps-surprise | CNX Resources Corporation. Quote
Earnings ESP: CNX Resources has an Earnings ESP of -8.57%. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Zacks Rank: CNX Resources carries a Zacks Rank #3, currently. You can see the complete list of today’s Zacks #1 Rank stocks here.
Stocks to Consider
Investors can consider the following players from the same industry that have the right combination of elements to beat on earnings in the to-be-reported quarter.
Diamondback Energy (FANG - Free Report) is slated to release fourth-quarter results on Feb 22. It has an Earnings ESP of +2.96% and a Zacks Rank of 2 at present.
Viper Energy Partners LP (VNOM - Free Report) is slated to release fourth-quarter results on Feb 22. It has an Earnings ESP of +118.18% and a Zacks Rank of 1, currently.
Magnolia Oil & Gas Corporation (MGY - Free Report) is slated to release fourth-quarter results on Feb 23. It has an Earnings ESP of +5.26% and is currently Zacks #2 Ranked.
Just Released: Zacks’ 7 Best Stocks for Today
Experts extracted 7 stocks from the list of 220 Zacks Rank #1 Strong Buys that has beaten the market more than 2X over with a stunning average gain of +24.4% per year.
These 7 were selected because of their superior potential for immediate breakout.
See these time-sensitive tickers now >>