Benzinga | Oct 27, 2021 12:08PM EDT

A Preview Of CNX Resources's Earnings

CNX Resources (NYSE:CNX) is set to give its latest quarterly earnings report on Thursday, 2021-10-28. Here's what investors need to know before the announcement.

Analysts estimate that CNX Resources will likely report an Earnings Per Share (EPS) of $0.31

CNX Resources bulls will hope to hear the company to announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.

New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).

Past Earnings Performance

Last quarter the company missed on EPS by -18.18%, which was followed by a 0.9% drop in the share price the next day.

Here's a look at CNX Resources's past performance and the resulting price change:

Quarter Q2 2021 Q1 2021 Q4 2020 Q3 2020EPS Estimate 0.22 0.28 0.15 -0.01EPS Actual 0.18 0.36 0.21 0.04Price Change % -0.9% -3.31% 0.24% -1.22%

Stock Performance

Shares of CNX Resources were trading at $14.92 as of October 26. Over the last 52-week period, shares are up 52.14%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release.

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