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CNX Resources Corporation. (CNX) Dips More Than Broader Markets: What You Should Know
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CNX Resources Corporation. (CNX - Free Report) closed at $18.27 in the latest trading session, marking a -1.56% move from the prior day. This change lagged the S&P 500's 0.93% loss on the day. Elsewhere, the Dow lost 0.43%, while the tech-heavy Nasdaq lost 0.17%.
Prior to today's trading, shares of the company had gained 12.55% over the past month. This has outpaced the Oils-Energy sector's loss of 4.39% and the S&P 500's gain of 6.31% in that time.
Investors will be hoping for strength from CNX Resources Corporation. as it approaches its next earnings release, which is expected to be July 28, 2022. In that report, analysts expect CNX Resources Corporation. to post earnings of $0.83 per share. This would mark year-over-year growth of 361.11%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $546.72 million, up 52.29% from the year-ago period.
CNX's full-year Zacks Consensus Estimates are calling for earnings of $3.21 per share and revenue of $2.12 billion. These results would represent year-over-year changes of +99.38% and +22.4%, respectively.
Investors should also note any recent changes to analyst estimates for CNX Resources Corporation.These recent revisions tend to reflect the evolving nature of short-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Within the past 30 days, our consensus EPS projection has moved 6.77% higher. CNX Resources Corporation. is currently a Zacks Rank #2 (Buy).
Looking at its valuation, CNX Resources Corporation. is holding a Forward P/E ratio of 5.79. This represents a premium compared to its industry's average Forward P/E of 4.34.
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. The Oil and Gas - Exploration and Production - United States was holding an average PEG ratio of 0.2 at yesterday's closing price.
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 15, which puts it in the top 6% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual 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.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
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CNX Resources Corporation. (CNX) Dips More Than Broader Markets: What You Should Know
CNX Resources Corporation. (CNX - Free Report) closed at $18.27 in the latest trading session, marking a -1.56% move from the prior day. This change lagged the S&P 500's 0.93% loss on the day. Elsewhere, the Dow lost 0.43%, while the tech-heavy Nasdaq lost 0.17%.
Prior to today's trading, shares of the company had gained 12.55% over the past month. This has outpaced the Oils-Energy sector's loss of 4.39% and the S&P 500's gain of 6.31% in that time.
Investors will be hoping for strength from CNX Resources Corporation. as it approaches its next earnings release, which is expected to be July 28, 2022. In that report, analysts expect CNX Resources Corporation. to post earnings of $0.83 per share. This would mark year-over-year growth of 361.11%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $546.72 million, up 52.29% from the year-ago period.
CNX's full-year Zacks Consensus Estimates are calling for earnings of $3.21 per share and revenue of $2.12 billion. These results would represent year-over-year changes of +99.38% and +22.4%, respectively.
Investors should also note any recent changes to analyst estimates for CNX Resources Corporation.These recent revisions tend to reflect the evolving nature of short-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Within the past 30 days, our consensus EPS projection has moved 6.77% higher. CNX Resources Corporation. is currently a Zacks Rank #2 (Buy).
Looking at its valuation, CNX Resources Corporation. is holding a Forward P/E ratio of 5.79. This represents a premium compared to its industry's average Forward P/E of 4.34.
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. The Oil and Gas - Exploration and Production - United States was holding an average PEG ratio of 0.2 at yesterday's closing price.
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 15, which puts it in the top 6% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual 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.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.