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CONSOL Coal (CCR) to Report Q3 Earnings: What's in Store?

CONSOL Coal Resources LPCCR is expected to report third-quarter 2018 results on Nov 1, before the opening bell. In the last four quarters, the coal company delivered an average positive earnings surprise of 2.72%.

Let's see how things are shaping up for this announcement.

Factors to Consider

Total production of coal is expected to drop sequentially due to higher number of longwall moves at its mines during the third quarter. The planned longwall moves will also increase capital expenditure, adversely impacting free cash flow of CONSOL Coal.

CONSOL Coal is poised to gain from the revival of coal prices and its reentry in the domestic metallurgical coal market. The company will also benefit courtesy of strong demand from the international markets.

CONSOL Coal's third-quarter margins and earnings are also expected to have improved, as the company is lowering outstanding debts and buying back shares.

What Does the Zacks Model Unveil?

Our proven model does not indicate that CONSOL Coal is going to beat on earnings this season. This is because it currently does not have the right combination of two key ingredients. A stock needs to have both a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) for this to happen. You can see the complete list of today's Zacks #1 Rank stocks here .

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

CONSOL Coal Resources LP Price and EPS Surprise

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

Earnings ESP : The company has an Earnings ESP of 0.00%. This is because the Most Accurate Estimate and the Zacks Consensus Estimate are both pegged at 31 cents per unit.

Zacks Rank : CONSOL Coal currently carries a Zacks Rank #1, which increases the possibility of an earnings beat. However, the combination of CONSOL Coal's Zacks Rank #1 and 0.00% ESP makes it quite uncertain of an earnings beat in the quarter to be reported.

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

Stocks to Consider

Investors can consider the following players from the Zacks Oil and Energy sector , which have the right combination of elements to post an earnings beat in the to-be-reported quarter.

Warrior Met Coal Inc. HCC is anticipated to report third-quarter 2018 results on Oct 31. It has an Earnings ESP of +0.07% and carries a Zacks Rank #2.

CNX Resources Corporation CNX is anticipated to release third-quarter 2018 results on Oct 30. It has an Earnings ESP of +9.01% and a Zacks Rank #2.

Enbridge Inc. ENB is anticipated to release third-quarter 2018 results on Nov 2. It has an Earnings ESP of +5.67% and holds a Zacks Rank #2.

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CNX Resources Corporation. (CNX): Free Stock Analysis Report

Warrior Met Coal Inc. (HCC): Free Stock Analysis Report

Enbridge Inc (ENB): 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.


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

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