Zacks: Brokerages Anticipate Cloud Peak Energy Inc (CLD) to Post -$0.02 Earnings Per Share

Analysts forecast that Cloud Peak Energy Inc (NYSE:CLD) will report earnings of ($0.02) per share for the current quarter, according to Zacks. Four analysts have issued estimates for Cloud Peak Energy’s earnings, with estimates ranging from ($0.08) to $0.03. Cloud Peak Energy reported earnings of $0.39 per share in the same quarter last year, which indicates a negative year-over-year growth rate of 105.1%. The company is expected to announce its next earnings results on Wednesday, February 21st.

According to Zacks, analysts expect that Cloud Peak Energy will report full year earnings of ($0.39) per share for the current financial year, with EPS estimates ranging from ($0.43) to ($0.37). For the next fiscal year, analysts expect that the business will post earnings of ($0.16) per share, with EPS estimates ranging from ($0.23) to ($0.01). Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research analysts that that provide coverage for Cloud Peak Energy.

Cloud Peak Energy (NYSE:CLD) last announced its earnings results on Thursday, October 26th. The mining company reported $0.03 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.02 by $0.01. The business had revenue of $249.00 million for the quarter, compared to analyst estimates of $254.82 million. During the same period in the prior year, the company earned $0.06 earnings per share. The company’s quarterly revenue was up 14.7% on a year-over-year basis.

CLD has been the topic of a number of recent research reports. ValuEngine cut Cloud Peak Energy from a “hold” rating to a “sell” rating in a report on Friday, September 1st. Zacks Investment Research raised Cloud Peak Energy from a “sell” rating to a “hold” rating in a report on Tuesday, September 12th. Stifel Nicolaus set a $6.00 target price on Cloud Peak Energy and gave the company a “buy” rating in a report on Friday, August 25th. BMO Capital Markets set a $5.00 target price on Cloud Peak Energy and gave the company a “hold” rating in a report on Friday, October 27th. Finally, TheStreet raised Cloud Peak Energy from a “d+” rating to a “c-” rating in a report on Friday, October 27th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $5.11.

Cloud Peak Energy (CLD) traded up $0.02 during trading on Friday, reaching $4.30. The company’s stock had a trading volume of 814,551 shares, compared to its average volume of 1,070,923. The company has a current ratio of 2.14, a quick ratio of 1.61 and a debt-to-equity ratio of 0.41. The stock has a market cap of $323.11, a P/E ratio of 53.75 and a beta of 1.64. Cloud Peak Energy has a twelve month low of $2.78 and a twelve month high of $6.65.

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A number of large investors have recently added to or reduced their stakes in CLD. Principal Financial Group Inc. boosted its holdings in Cloud Peak Energy by 26.4% in the first quarter. Principal Financial Group Inc. now owns 569,793 shares of the mining company’s stock valued at $2,610,000 after purchasing an additional 119,101 shares during the period. Legal & General Group Plc increased its position in Cloud Peak Energy by 21.9% in the 1st quarter. Legal & General Group Plc now owns 105,104 shares of the mining company’s stock valued at $481,000 after acquiring an additional 18,900 shares during the period. Thrivent Financial For Lutherans increased its position in Cloud Peak Energy by 29.6% in the 1st quarter. Thrivent Financial For Lutherans now owns 43,130 shares of the mining company’s stock valued at $198,000 after acquiring an additional 9,850 shares during the period. Vanguard Group Inc. increased its position in Cloud Peak Energy by 27.9% in the 1st quarter. Vanguard Group Inc. now owns 3,581,492 shares of the mining company’s stock valued at $16,403,000 after acquiring an additional 782,138 shares during the period. Finally, Geode Capital Management LLC increased its position in Cloud Peak Energy by 74.9% in the 1st quarter. Geode Capital Management LLC now owns 580,507 shares of the mining company’s stock valued at $2,658,000 after acquiring an additional 248,618 shares during the period. Hedge funds and other institutional investors own 80.70% of the company’s stock.

About Cloud Peak Energy

Cloud Peak Energy Inc is a producer of coal in the United States of America and the Powder River Basin (PRB). In the PRB, the Company owns and operates three surface coal mines: the Antelope Mine, the Cordero Rojo Mine and the Spring Creek Mine. Its segments include Owned and Operated Mines, and Logistics and Related Activities.

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

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