CNX Resources's Earnings: A Preview
Portfolio Pulse from Benzinga Insights
CNX Resources (NYSE:CNX) is expected to release its quarterly earnings report on January 25, 2024, with analysts predicting an EPS of $0.30. Investors are looking for an earnings beat and positive guidance for future growth. Historically, CNX's stock price has shown mixed reactions to earnings reports. The stock is currently trading at $19.81, up 23.21% over the last year. Past earnings performance shows slight variations from estimates with corresponding modest stock price changes.
January 24, 2024 | 7:01 pm
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POSITIVE IMPACT
CNX Resources is anticipated to report an EPS of $0.30 in its upcoming earnings, with investors focusing on potential earnings beats and future guidance. The stock has risen 23.21% over the past year, indicating a positive trend.
Given the positive trend in CNX's stock price over the past year and the potential for an earnings beat and positive guidance, there is a likelihood of a short-term positive impact on the stock price. However, the historical mixed reactions to earnings reports suggest caution, hence the confidence score is not at the maximum.
CONFIDENCE 75
IMPORTANCE 80
RELEVANCE 100