Published on 13 Feb 2024 on Simply Wall St. via Yahoo Finance
Analysts Just Shaved Their CONSOL Energy Inc. (NYSE:CEIX) Forecasts Dramatically
Market forces rained on the parade of CONSOL Energy Inc. (NYSE:CEIX) shareholders today, when the analysts downgraded their forecasts for this year. Both revenue and earnings per share (EPS) forecasts went under the knife, suggesting the analysts have soured majorly on the business.
Following the latest downgrade, the dual analysts covering CONSOL Energy provided consensus estimates of US$2.0b revenue in 2024, which would reflect a substantial 22% decline on its sales over the past 12 months. Statutory earnings per share are anticipated to plummet 43% to US$12.65 in the same period. Prior to this update, the analysts had been forecasting revenues of US$2.3b and earnings per share (EPS) of US$16.44 in 2024. Indeed, we can see that the analysts are a lot more bearish about CONSOL Energy's prospects, administering a substantial drop in revenue estimates and slashing their EPS estimates to boot.
View our latest analysis for CONSOL Energy