Key Insights:
- CNX Resources faced a significant earnings miss with a Q1 EPS of -$1.34, against an expected $0.63.
- Analysts predict a mixed outlook with a price target range from $21.00 to $41.00.
- GuruFocus estimates suggest a potential 26.84% downside from the current stock price.
CNX Resources (CNX, Financial) recently reported its first-quarter financial results, revealing earnings per share (EPS) of -$1.34, substantially missing the market's expectation of $0.63. This earnings performance comes amidst a sharp year-over-year revenue decline of 78.6%, bringing the company's revenue down to $82.39 million. These figures underscore the hurdles CNX Resources is currently grappling with, despite previously optimistic forecasts.
Analysts' Price Target Outlook
According to projections from 12 analysts, the average one-year price target for CNX Resources Corp (CNX, Financial) stands at $30.33, with forecasts ranging from a low of $21.00 to a high of $41.00. This average target suggests a modest downside of 0.84% compared to the current share price of $30.59. Investors seeking detailed estimates can visit the CNX Resources Corp (CNX) Forecast page for more insights.
Brokerage Recommendations
The consensus among 14 brokerage firms places CNX Resources Corp at an average recommendation of 3.4, which equates to a "Hold" status. This rating is part of a scale where 1 signifies a Strong Buy and 5 indicates a Sell, providing a balanced perspective on the stock's potential movement.
GuruFocus GF Value Analysis
GuruFocus provides an estimated GF Value for CNX Resources Corp (CNX, Financial), predicting the stock could be fairly valued at $22.38 in one year. This projection forecasts a significant downside of 26.84% from the current market price of $30.59. The GF Value is derived using historical stock multiples, past business growth, and future business performance forecasts. More comprehensive data is available on the CNX Resources Corp (CNX) Summary page for those interested in further analysis.
