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Here's Why You Should Add CONSOL Coal to Your Portfolio

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Earnings estimates for CONSOL Coal Resources LP (CCR - Free Report) have been revised upward in the past 60 days, reflecting analyst’s optimism in the stock. The Zacks Consensus Estimate for 2018 and 2019 earnings moved up 8.2% and 4.2% to $2.10 and $1.97, respectively.

Let’s focus on the factors that make CONSOL Coal a profitable pick.

Earnings & Surprise History

In second-quarter 2018, CONSOL Coal delivered earnings of 69 cents per share, beating the Zacks Consensus Estimate of 65 cents by 6.15%. The company delivered average positive earnings surprise of 2.72% in the trailing four quarters.

Price Performance & Growth Projections

The units have gained 11.8% on a year-to-date basis compared with the industry’s rise of 3.8%.

The Zacks Consensus Estimate for current-year earnings is pegged at $2.10, reflecting year-over-year improvement of 43.84%.

Zacks Rank & VGM Score

The stock sports a Zacks Rank #1 (Strong Buy) and has an impressive VGM Score of A. You can see the complete list of today’s Zacks #1 Rank stocks here.

Here V stands for Value, G for Growth and M for Momentum with the score being a weighted combination of all three factors. Back tested results show that stocks with a favorable VGM Score of A or B coupled with a bullish Zacks Rank are the best investment options.

Coal Production

Coal production was 3,596 tons at the end of the first half of 2018, up from 3,430 tons in the year-ago period. The Partnership’s coal production increased 166 tons to meet the excess demand.

Other Stocks to Consider

A few other top-ranked stocks from the Zack Coal Industry are Alliance Resource Partners, L.P. (ARLP - Free Report) , Energy Inc. (CEIX - Free Report) and Peabody Energy Corporation (BTU - Free Report) .

Alliance Resource sports a Zacks Rank #1. The company delivered an earnings surprise of 1.59% in the last reported quarter. The Zacks Consensus Estimate for 2018 earnings moved 5.8% north to $3.30 in the past 30 days.

CONSOL Energy is a Zacks #2 Ranked player. The company delivered average beat of 86.80% in the trailing four quarters. The consensus mark for current-year earnings has been raised 0.6% to $5.10 in the past 30 days.

Peabody Energy holds a Zacks Rank #2. It pulled off an average positive surprise of 2.61% in the past four quarters. The consensus estimate for 2018 bottom line has been revised 19.9% upward to $3.62 in the past 30 days.

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