CONSOL Energy Q3 EPS $3.11 Misses $4.80 Estimate, Sales $569.86M Miss $587.25M Estimate
Portfolio Pulse from Benzinga Newsdesk
CONSOL Energy (NYSE:CEIX) reported Q3 earnings of $3.11 per share, missing the analyst consensus estimate of $4.80 by 35.21%. This is a 26.82% decrease from the same period last year. The company also reported quarterly sales of $569.86 million, missing the analyst consensus estimate of $587.25 million by 2.96%. This is a 1.46% increase from the same period last year.
October 31, 2023 | 10:48 am
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NEGATIVE IMPACT
CONSOL Energy's Q3 earnings and sales missed analyst estimates, with a significant decrease in earnings per share compared to last year.
CONSOL Energy reported lower than expected earnings and sales for Q3. This underperformance, especially the significant decrease in earnings per share compared to the same period last year, is likely to negatively impact the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100