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CNX Resources Corporation. (CNX) Dips More Than Broader Markets: What You Should Know
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In the latest trading session, CNX Resources Corporation. (CNX - Free Report) closed at $16.19, marking a -0.37% move from the previous day. This change lagged the S&P 500's 0.08% loss on the day. At the same time, the Dow lost 0.15%, and the tech-heavy Nasdaq lost 0.04%.
Coming into today, shares of the company had lost 30.17% in the past month. In that same time, the Oils-Energy sector lost 19.96%, while the S&P 500 lost 6.03%.
Wall Street will be looking for positivity from CNX Resources Corporation. as it approaches its next earnings report date. This is expected to be July 28, 2022. The company is expected to report EPS of $0.77, up 327.78% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $523.46 million, up 45.81% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $3 per share and revenue of $2.07 billion. These totals would mark changes of +86.34% and +19.56%, respectively, from last year.
Investors should also note any recent changes to analyst estimates for CNX Resources Corporation.Recent revisions tend to reflect the latest near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. CNX Resources Corporation. is holding a Zacks Rank of #1 (Strong Buy) right now.
Digging into valuation, CNX Resources Corporation. currently has a Forward P/E ratio of 5.41. This represents a premium compared to its industry's average Forward P/E of 4.24.
We can also see that CNX currently has a PEG ratio of 0.27. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. The Oil and Gas - Exploration and Production - United States industry currently had an average PEG ratio of 0.21 as of yesterday's close.
The Oil and Gas - Exploration and Production - United States industry is part of the Oils-Energy sector. This industry currently has a Zacks Industry Rank of 10, which puts it in the top 4% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
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CNX Resources Corporation. (CNX) Dips More Than Broader Markets: What You Should Know
In the latest trading session, CNX Resources Corporation. (CNX - Free Report) closed at $16.19, marking a -0.37% move from the previous day. This change lagged the S&P 500's 0.08% loss on the day. At the same time, the Dow lost 0.15%, and the tech-heavy Nasdaq lost 0.04%.
Coming into today, shares of the company had lost 30.17% in the past month. In that same time, the Oils-Energy sector lost 19.96%, while the S&P 500 lost 6.03%.
Wall Street will be looking for positivity from CNX Resources Corporation. as it approaches its next earnings report date. This is expected to be July 28, 2022. The company is expected to report EPS of $0.77, up 327.78% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $523.46 million, up 45.81% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $3 per share and revenue of $2.07 billion. These totals would mark changes of +86.34% and +19.56%, respectively, from last year.
Investors should also note any recent changes to analyst estimates for CNX Resources Corporation.Recent revisions tend to reflect the latest near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. CNX Resources Corporation. is holding a Zacks Rank of #1 (Strong Buy) right now.
Digging into valuation, CNX Resources Corporation. currently has a Forward P/E ratio of 5.41. This represents a premium compared to its industry's average Forward P/E of 4.24.
We can also see that CNX currently has a PEG ratio of 0.27. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. The Oil and Gas - Exploration and Production - United States industry currently had an average PEG ratio of 0.21 as of yesterday's close.
The Oil and Gas - Exploration and Production - United States industry is part of the Oils-Energy sector. This industry currently has a Zacks Industry Rank of 10, which puts it in the top 4% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.