Quite a few analysts working at Wall Street have already predicted that the stocks of CNX would be posting a sales sum of $387.22 million for this quarter. According to a report, five of the investment analysts have already made estimates of the earnings of the company. The highest estimate has been fixed at $415 million, with the lowest falling to $342 million. The previous year saw the company posting a sales sum of $508.99 million, which implies a negative annual growth rate of about 23.9%.
The Quarterly Earnings of CNX
The stocks of CNX provided their previous quarterly results on the 29th of October. The producer of oil and gas had reported an EPS of $0.04, which was more than the Thomson Reuters’ estimate of about $0.01. The return on equity for CNX has been positive at 1.94%, but the net margin has been -83.40%. The revenue for the firm was $66 million, which was much less than the consensus estimate of $310.25 million.
There have been quite a few companies that have commented on the stocks of CNX. Capital One Financial has already started covering the stocks of CNX, which they published in a 23rd September research report. The price objective on the stock was $16, with a rating of overweight on the firm. BidaskClub has also increased the rating on the company from sell to hold. MKM Partners has upgraded the rating of the company from neutral to buy, along with a price target of $12 on the firm.
One of the analysts covering CNX has given it a rating of sell, while four of them have given it a rating of hold. Eight investment analysts have given the rating of buy. The rating on the company has been buy, along with a price target set at $13.36.
