CNX Resources Corporation CNX is scheduled to release fourth-quarter 2024 results on Jan. 30, before market open. The company delivered an earnings surprise of 28.1% in the last reported quarter.

See the Zacks Earnings Calendar to stay ahead of market-making news.

Let’s discuss the factors that are likely to be reflected in the upcoming quarterly results.

Major Factors That May Impact CNX Stock's Q4 Results

CNX’s ability to generate and use free cash flow might have allowed it to continue to pay down debt and buy back shares, boosting its bottom line.

The systematic buybacks are expected to have boosted earnings during the quarter. Ongoing debt reduction is expected to have resulted in decreased interest expenses and improved bottom line in the to-be-reported quarter.

CNX’s bottom line is expected to have benefited from low drilling costs.

CNX’s Q4 Expectations

The Zacks Consensus Estimate for earnings is pegged at 43 cents per share, indicating a year-over-year decrease of 36.8%. The Zacks Consensus Estimate for revenues is pinned at $410.75 million, indicating a year-over-year increase of 9.2%.

The consensus mark for total production volumes is pegged at 140 billion cubic feet equivalent, down 4.8% year over year.

The consensus estimate for average natural gas sales price is pinned at $2.39 per thousand cubic feet equivalent, up 10.6% year over year.

The Zacks Consensus Estimate for realized natural gas price is pegged at $2.31 per one thousand cubic feet, down 6.5% from the year-ago quarter’s registered figure.

What the Zacks Model Unveils

Our proven model predicts an earnings beat for CNX Resources this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), #2 (Buy) or #3 (Hold) increases the odds of an earnings beat, which is the case here, as you will see below.
 

Earnings ESP: The company’s Earnings ESP is +0.78%. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.

Zacks Rank: Currently, CNX Resources carries a Zacks Rank #2. You can see the complete list of today's Zacks #1 Rank stocks here.

Other Stocks to Consider

Investors may also consider the following players from the same sector as these, too, have the right combination of elements to post an earnings beat this reporting cycle.

Nextracker Inc. NXT is expected to post an earnings beat when it announces fourth-quarter results on Jan. 28, after market close. It has an Earnings ESP of +12.96% and a Zacks Rank #3 at present.

The Zacks Consensus Estimate for fourth-quarter earnings is pinned at 58 cents per share. It delivered an average earnings surprise of 62.8% in the trailing four quarters.

Energy Transfer ET is expected to come up with an earnings beat when it reports fourth-quarter results on Feb. 11, after market close. It has an Earnings ESP of +9.09% and a Zacks Rank #3 at present.

ET’s long-term (three to five years) earnings growth rate is 26.18%. The Zacks Consensus Estimate for fourth-quarter earnings is pinned at 36 cents per share.

California Resources CRC is likely to come up with an earnings beat when it announces fourth-quarter results on March 3, before market open. It has an Earnings ESP of +2.59% and a Zacks Rank #1 at present.

The Zacks Consensus Estimate for fourth-quarter earnings has increased 1% to 97 cents per share in the past 30 days. The company delivered an average earnings surprise of 13.1% for the trailing four quarters.

 

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report

CNX Resources Corporation. (CNX) : Free Stock Analysis Report

Energy Transfer LP (ET) : Free Stock Analysis Report

California Resources Corporation (CRC) : Free Stock Analysis Report

Nextracker Inc. (NXT) : Free Stock Analysis Report

To read this article on Zacks.com click here.

Zacks Investment Research