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Shareholders of CONSOL Energy Inc. (NYSE:CEIX) will be pleased this week, given that the stock price is up 15% to US$128 following its latest third-quarter results. Revenues were US$440m, 21% shy of what the analysts were expecting, although statutory earnings of US$3.22 per share were roughly in line with what was forecast. The analysts typically update their forecasts at each earnings report, and we can judge from their estimates whether their view of the company has changed or if there are any new concerns to be aware of. We've gathered the most recent statutory forecasts to see whether the analysts have changed their earnings models, following these results.
See our latest analysis for CONSOL Energy
Taking into account the latest results, CONSOL Energy's twin analysts currently expect revenues in 2025 to be US$2.28b, approximately in line with the last 12 months. Statutory earnings per share are predicted to rise 7.8% to US$15.14. In the lead-up to this report, the analysts had been modelling revenues of US$2.24b and earnings per share (EPS) of US$13.62 in 2025. Although the revenue estimates have not really changed, we can see there's been a nice gain to earnings per share expectations, suggesting that the analysts have become more bullish after the latest result.
There's been no major changes to the consensus price target of US$126, suggesting that the improved earnings per share outlook is not enough to have a long-term positive impact on the stock's valuation.
One way to get more context on these forecasts is to look at how they compare to both past performance, and how other companies in the same industry are performing. We would highlight that CONSOL Energy's revenue growth is expected to slow, with the forecast 1.1% annualised growth rate until the end of 2025 being well below the historical 19% p.a. growth over the last five years. By way of comparison, the other companies in this industry with analyst coverage are forecast to grow their revenue at 3.0% per year. So it's pretty clear that, while revenue growth is expected to slow down, the wider industry is also expected to grow faster than CONSOL Energy.
The Bottom Line
The biggest takeaway for us is the consensus earnings per share upgrade, which suggests a clear improvement in sentiment around CONSOL Energy's earnings potential next year. Fortunately, the analysts also reconfirmed their revenue estimates, suggesting that it's tracking in line with expectations. Although our data does suggest that CONSOL Energy's revenue is expected to perform worse than the wider industry. There was no real change to the consensus price target, suggesting that the intrinsic value of the business has not undergone any major changes with the latest estimates.