St. Louis, VA based Alpha Natural Resources, Inc. (ANR) together with its subsidiaries, is engaged in extracting, processing, and marketing thermal and metallurgical coal. The company has operations in Virginia, West Virginia, Kentucky, Pennsylvania and Wyoming.
Alpha Natural Resources serves customers on five continents and is a leading producer and supplier of metallurgical coal for use in the steelmaking process in U.S.
A supply glut in the global markets has pulled down thermal and metallurgical coal prices. To cope with sustained weakness in demand, Alpha Natural Resources decided to idle few mines in West Virginia.
Estimate Trend & Surprise History
Investors should note that the estimate for Alpha Natural Resources for the fourth quarter has hardly moved over the last 90 days. The current Zacks Consensus Estimate is a loss of 68 cents remained unchanged over the aforesaid period.
Coming to the earnings surprise, Alpha Natural Resources has surpassed the Zacks Consensus Estimate in last four quarters, resulting in a positive average surprise of 43.07%.
Zacks Rank: Currently, Alpha Natural Resources has a Zacks Rank#3 (Hold) but that could change following its fourth quarter 2014 earnings report which has just released. We have highlighted some of the key details from the just-released announcement below:
Earnings: Alpha Natural Resource’s loss is much narrower than expected. Adjusted Loss per share came in at 50 cents, narrower than the Zacks Consensus Estimate of 68 cents.
Revenue: Revenues of $931.5 million were short of the Zacks Consensus Estimate of $995 million and down 3.5% year over year.
Key Stats: Alpha Natural Resources sold 4.9 million tons of Eastern metallurgical coal in the reported quarter compared with 4.8 million tons in fourth quarter 2013.
Stock Price: It would be interesting to see how the market reacts to the narrower than expected loss during the trading session today.
Check back later for our full write up on this ANR earnings report later!
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