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CNX Resources Corporation. (CNX) Gains But Lags Market: What You Should Know

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CNX Resources Corporation. (CNX - Free Report) closed at $18.56 in the latest trading session, marking a +0.87% move from the prior day. The stock lagged the S&P 500's daily gain of 0.99%. At the same time, the Dow added 0.51%, and the tech-heavy Nasdaq lost 0.31%.

Coming into today, shares of the company had gained 6.98% in the past month. In that same time, the Oils-Energy sector gained 0.86%, while the S&P 500 gained 7.91%.

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. On that day, CNX Resources Corporation. is projected to report earnings of $0.79 per share, which would represent year-over-year growth of 338.89%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $532.47 million, up 48.32% from the year-ago period.

Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $3.15 per share and revenue of $2.1 billion. These totals would mark changes of +95.65% and +20.96%, respectively, from last year.

It is also important to note the recent changes to analyst estimates for CNX Resources Corporation.Recent revisions tend to reflect the latest near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.

Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an 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. Over the past month, the Zacks Consensus EPS estimate has moved 4.77% higher. CNX Resources Corporation. is currently sporting a Zacks Rank of #2 (Buy).

Valuation is also important, so investors should note that CNX Resources Corporation. has a Forward P/E ratio of 5.85 right now. This represents a premium compared to its industry's average Forward P/E of 4.46.

We can also see that CNX currently has a PEG ratio of 0.18. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. Oil and Gas - Exploration and Production - United States stocks are, on average, holding a PEG ratio of 0.21 based on yesterday's closing prices.

The Oil and Gas - Exploration and Production - United States industry is part of the Oils-Energy sector. This group has a Zacks Industry Rank of 17, putting it in the top 7% of all 250+ industries.

The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

You can find more information on all of these metrics, and much more, on Zacks.com.


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