Odds of beating earnings estimates
In the last four quarters, Consol Energy (CNX) has beaten EPS (earnings per share) expectations 25.0% of the time.
In 3Q16, excluding one-time items, the company missed the consensus EPS estimate by $0.03 per share. But it reported revenues of ~$746.0 million, which was ~34.0% higher than Wall Street analysts’ revenue consensus of ~$558.0 million.
CNX stock after 3Q16 EPS miss
Consol Energy reported its 3Q16 earnings before the market opened on November 1, 2016. Following its earnings release, a contrarian reaction that was worse than expected saw CNX stock rise ~11.0% in just one session.