Westmoreland Coal’s 2Q17 earnings
Westmoreland Coal Company (WLB) is expected to release its 2Q17 earnings results on August 3, 2017.
Before we learn about what analysts are expecting from the company’s 2Q17 earnings, let’s take a look at its stock’s recent performance.
On July 21, 2017, Westmoreland Coal Company stock had fallen ~13.8% month-to-date and 64.9% in the previous three months. Among its peers, WLB was only the company whose stock had fallen in both these periods.
On July 21, WLB’s peers Peabody Energy (BTU) and Arch Coal (ARCH) had risen 15.5% and 21.2%, respectively, in the last month. The companies had also posted rises of 5.1% and 7.5%, respectively, for the last three months. Alliance Resource Partners (ARLP) and Cloud Peak Energy (CLD) rose month-to-date, posting rises of 9.6% and 11.0%, respectively. The VanEck Vectors Coal ETF (KOL) had reported a rise of 11.6% month-to-date.
Despite global coal production’s rise in 2017 and President Donald Trump’s stance on climate change, Westmoreland Coal stock has fallen drastically in the past three months.
In this series, we’ll see what Wall Street analysts have to say about Westmoreland Coal prior to its 2Q17 earnings release. We’ll analyze the company’s revenues and margin estimates, and we’ll discuss other key updates that can be expected from its upcoming earnings report.
In the next article, we’ll look at analysts’ estimates for Westmoreland Coal’s 2Q17 earnings.