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Is a Beat in Store for CONSOL Coal (CCR) in Q1 Earnings?


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CONSOL Coal Resources LP CCR is scheduled to report first-quarter 2018 results on May 3. In the fourth quarter of 2017, the company delivered a positive earnings surprise of 6.67%.

Why Likely a Positive Surprise

A stock needs to have a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) for this to happen. Per our model, CONSOL Coal is likely to beat earnings this quarter as it possesses these components.

Zacks ESP: The company's Earnings ESP is +8.24%. This is because the Most Accurate estimate is 46 cents, while the Zacks Consensus Estimate is pegged at 43 cents.

CONSOL Coal Resources LP Price and EPS Surprise

CONSOL Coal Resources LP Price and EPS Surprise | CONSOL Coal Resources LP Quote

You can uncover the best stocks to buy or sell before they're reported with our Earnings ESP Filter

Zacks Rank: CONSOL Coal's Zacks Rank #3, when combined with a positive Earnings ESP, increases the possibility of a beat.

We caution against stocks with a Zacks Rank #4 or 5 (Sell-rated) going into the earnings announcement, especially when the company is seeing negative estimate revisions.

Factors to Consider

The Zacks Consensus Estimate for first-quarter 2018 total revenues is pegged at $84 million, reflecting year-over-year increase of 1.2%. Per the Zacks Consensus Estimate, earnings are projected at 43 cents, reflecting a decline of 14%.

Per a report from the U.S. Energy Information Administration, the U.S. power plant coal stockpiles fell nearly 16% year over year at the end of November 2017. The company expects a rise in domestic demand for thermal coal in first half of 2018 due to drop in inventory levels. This is likely to boost prospects of CONSOL Coal.

CONSOL Coal is also expected benefit from higher export demand, primarily from Asian countries.

Other Stocks to Consider

Here are a few other players from the Sector that have the right combination of elements to post an earnings beat this quarter.

CNX Resources Corporation. CNX has an Earnings ESP of +8.84%. It carries a Zacks Rank #3 and is expected to report first-quarter 2018 results on May 3. You can see the complete list of today's Zacks #1 Rank stocks here .

Noble Corporation NE has an Earnings ESP of +5.74%. It has a Zacks Rank #3 and is expected to report first-quarter 2018 results on May 2.

Energy Transfer Equity, L.P. ETE is expected to report first-quarter 2018 results on May 2. The company has an Earnings ESP of +10.35% and a Zacks Rank #3.

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Noble Corporation (NE): Free Stock Analysis Report

CONSOL Coal Resources LP (CCR): Free Stock Analysis Report

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.



This article appears in: Investing , Business , Earnings , Stocks
Referenced Symbols: ETE , CNX , NE , CCR


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