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Can CNX Resources (CNX) Stock Continue to Grow Earnings?

Zacks Equity Research
·2-min read

Growth stocks can be some of the most exciting picks in the market, as these high-flyers can captivate investors’ attention, and produce big gains as well. However, they can also lead on the downside when the growth story is over, so it is important to find companies which are still seeing strong growth prospects in their businesses.

One such company that might be well-positioned for future earnings growth is CNX Resources Corporation CNX. This firm, which is in the Oil and Gas - Exploration and Production - United States industry, saw EPS growth of 161.5% last year, and is looking great for this year too.

In fact, the current growth estimate for this year calls for earnings-per-share growth of 164.9%. Furthermore, the long-term growth rate is currently an impressive 43%, suggesting pretty good prospects for the long haul.

CNX Resources Corporation. Price and Consensus

CNX Resources Corporation. Price and Consensus
CNX Resources Corporation. Price and Consensus

CNX Resources Corporation. price-consensus-chart | CNX Resources Corporation. Quote

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And if this wasn’t enough, the stock has actually seen estimates rise over the past month for the current fiscal year by about 43.1%. Thanks to this rise in earnings estimates, CNX has a Zacks Rank #1 (Strong Buy) which further underscores the potential for outperformance in this company. You can see the complete list of today’s Zacks #1 Rank stocks here.

So if you are looking for a fast growing stock that is still seeing plenty of opportunities on the horizon, make sure to consider CNX. Not only does it have double-digit earnings growth prospects, but its impressive Zacks Rank suggests that analysts believe better days are ahead for CNX as well.


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To read this article on Zacks.com click here.

Zacks Investment Research