Consol Energy (CEIX) Gains But Lags Market: What You Should Know
Consol Energy (CEIX) closed at $64.46 in the latest trading session, marking a +1.13% move from the prior day. This change lagged the S&P 500's 1.75% gain on the day. Elsewhere, the Dow gained 1.05%, while the tech-heavy Nasdaq added 7.84%.
Coming into today, shares of the coal company had lost 17.7% in the past month. In that same time, the Oils-Energy sector lost 3.11%, while the S&P 500 lost 4.4%.
Investors will be hoping for strength from Consol Energy as it approaches its next earnings release. The company is expected to report EPS of $3.39, up 294.19% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $520.9 million, up 8.38% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $11.05 per share and revenue of $1.99 billion. These totals would mark changes of +436.41% and +57.73%, respectively, from last year.
Investors might also notice recent changes to analyst estimates for Consol Energy. These revisions help to show the ever-changing nature of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. 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.
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. Over the past month, the Zacks Consensus EPS estimate remained stagnant. Consol Energy is holding a Zacks Rank of #1 (Strong Buy) right now.
Investors should also note Consol Energy's current valuation metrics, including its Forward P/E ratio of 5.77. This valuation marks a premium compared to its industry's average Forward P/E of 3.7.
The Coal industry is part of the Oils-Energy sector. This group has a Zacks Industry Rank of 96, putting it in the top 39% 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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Consol Energy Inc. (CEIX) : Free Stock Analysis Report
