Yahoo Finance Consol Energy (CEIX) Stock Moves -0.86%: What You Should Know
Consol Energy (CEIX) closed the most recent trading day at $57.53, moving -0.86% from the previous trading session. This change was narrower than the S&P 500's 1.17% loss on the day. At the same time, the Dow lost 1.02%, and the tech-heavy Nasdaq lost 2.45%.
Prior to today's trading, shares of the coal company had lost 18.62% over the past month. This has lagged the Oils-Energy sector's loss of 6.76% and the S&P 500's loss of 5.25% in that time.
Investors will be hoping for strength from Consol Energy as it approaches its next earnings release. In that report, analysts expect Consol Energy to post earnings of $3.39 per share. This would mark year-over-year growth of 294.19%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $520.9 million, up 8.38% from the year-ago period.
Investors should also note any recent changes to analyst estimates for Consol Energy. These revisions help to show the ever-changing nature of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
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.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. Consol Energy currently has a Zacks Rank of #3 (Hold).
Valuation is also important, so investors should note that Consol Energy has a Forward P/E ratio of 2.04 right now. Its industry sports an average Forward P/E of 3.49, so we one might conclude that Consol Energy is trading at a discount comparatively.
The Coal industry is part of the Oils-Energy sector. This industry currently has a Zacks Industry Rank of 192, which puts it in the bottom 24% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow CEIX in the coming trading sessions, be sure to utilize Zacks.com.
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Consol Energy Inc. (CEIX) : Free Stock Analysis Report
