CNX Coal (CNXC) To Report Q2 Earnings: What's In Store?
Zacks Investment Research | Jul 26, 2017 09:23PM ET
CNX Coal Resources LP (NYSE:CNXC) will report second-quarter 2017 financial results after the closing bell on Jul 31. Last quarter, the company reported negative earnings surprise of 9.09%.
Let’s see how things are shaping up prior to this announcement.
Factors to Consider
CNX Coal Resources is well positioned to benefit from the supply challenges resulting out of Australian export disturbances in the second quarter. CNX Coal Resources’ capitalization efforts to capture the broad market and continued cost control measures are likely to benefit the margins. With the support of domestic customers, it is well positioned to ship coal and increase overall shipment volumes.
On the contracting front, CNXC’s marketing team worked on adding strategic customers as commodity markets continue to evolve. The company was able to raise its share in 15 coal plants from 12% in 2011 to 31% in 2016 and we expect these initiatives will further increase CNX Coal Resources’ share in these coal plants. In addition, President Trump’s decision to repeal the Clean Power Plan and walk out of Paris Agreement will help the coal producers by creating fresh demand for thermal coal.
Earnings Whispers
Our proven model does not conclusively show that CNX Coal Resources is likely to beat estimates this quarter. That is because a stock needs to have both a positive Earnings ESP Filter .
Zacks Rank: CNX Coal Resources’ Zacks Rank #3 increases the predictive power of ESP. However, a 0.00% ESP makes surprise prediction difficult.
CNX Coal Resources LP Price, Consensus and EPS Surprise
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