Zacks: Brokerages Expect Cloud Peak Energy Inc. (CLD) Will Announce Earnings of -$0.08 Per Share

Brokerages expect Cloud Peak Energy Inc. (NYSE:CLD) to post earnings per share (EPS) of ($0.08) for the current fiscal quarter, Zacks Investment Research reports. Three analysts have issued estimates for Cloud Peak Energy’s earnings. The lowest EPS estimate is ($0.09) and the highest is ($0.06). Cloud Peak Energy reported earnings per share of ($0.04) during the same quarter last year, which indicates a negative year over year growth rate of 100%. The firm is scheduled to announce its next earnings results on Thursday, July 26th.

On average, analysts expect that Cloud Peak Energy will report full-year earnings of ($0.22) per share for the current fiscal year, with EPS estimates ranging from ($0.30) to ($0.17). For the next fiscal year, analysts anticipate that the firm will post earnings of ($0.37) per share, with EPS estimates ranging from ($0.63) to ($0.06). Zacks Investment Research’s EPS calculations are an average based on a survey of research analysts that follow Cloud Peak Energy.

Cloud Peak Energy (NYSE:CLD) last issued its earnings results on Thursday, April 26th. The mining company reported ($0.10) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.09) by ($0.01). Cloud Peak Energy had a net margin of 0.63% and a negative return on equity of 2.05%. The company had revenue of $216.30 million during the quarter, compared to analysts’ expectations of $230.40 million. During the same period last year, the business posted ($0.30) earnings per share. The company’s quarterly revenue was up 10.5% on a year-over-year basis.



A number of brokerages have recently weighed in on CLD. Zacks Investment Research raised shares of Cloud Peak Energy from a “strong sell” rating to a “hold” rating in a research note on Wednesday, April 11th. B. Riley dropped their price objective on shares of Cloud Peak Energy from $4.00 to $3.00 and set a “neutral” rating for the company in a research note on Friday, April 27th. TheStreet cut shares of Cloud Peak Energy from a “c-” rating to a “d+” rating in a research note on Monday, February 26th. JPMorgan Chase & Co. cut shares of Cloud Peak Energy from a “neutral” rating to an “underweight” rating in a research note on Wednesday, March 28th. Finally, ValuEngine raised shares of Cloud Peak Energy from a “strong sell” rating to a “sell” rating in a research note on Wednesday, May 2nd. Two analysts have rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $4.40.

Shares of Cloud Peak Energy opened at $3.83 on Wednesday, according to MarketBeat. The company has a debt-to-equity ratio of 0.41, a current ratio of 2.22 and a quick ratio of 1.63. Cloud Peak Energy has a 1-year low of $2.76 and a 1-year high of $5.70. The company has a market cap of $287.93 million, a PE ratio of -8.91 and a beta of 2.06.

Hedge funds have recently added to or reduced their stakes in the business. Schwab Charles Investment Management Inc. grew its stake in Cloud Peak Energy by 20.9% in the 4th quarter. Schwab Charles Investment Management Inc. now owns 1,417,456 shares of the mining company’s stock worth $6,308,000 after acquiring an additional 244,669 shares during the period. Mackay Shields LLC purchased a new stake in Cloud Peak Energy in the 1st quarter worth approximately $982,000. Two Sigma Investments LP purchased a new stake in Cloud Peak Energy in the 4th quarter worth approximately $1,886,000. Arizona State Retirement System grew its stake in Cloud Peak Energy by 223.9% in the 4th quarter. Arizona State Retirement System now owns 126,150 shares of the mining company’s stock worth $561,000 after acquiring an additional 87,197 shares during the period. Finally, BlackRock Inc. grew its stake in Cloud Peak Energy by 2.5% in the 4th quarter. BlackRock Inc. now owns 9,246,308 shares of the mining company’s stock worth $41,147,000 after acquiring an additional 223,778 shares during the period. 83.27% of the stock is owned by hedge funds and other institutional investors.

About Cloud Peak Energy

Cloud Peak Energy Inc produces coal in the Powder River Basin and the United States. The company operates through Owned and Operated Mines, and Logistics and Related Activities. It owns and operates three surface coal mines comprising the Antelope Mine and the Cordero Rojo Mine located in Wyoming; and the Spring Creek Mine located in Montana.

Get a free copy of the Zacks research report on Cloud Peak Energy (CLD)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Cloud Peak Energy (NYSE:CLD)

Receive News & Ratings for Cloud Peak Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cloud Peak Energy and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply