Warrior Met Coal (HCC) to Report First Quarter Results: What’s in Store? – May 2, 2022

Warrior Met Coal Inc. (HCC Free Report) is expected to release Q1 2022 results on May 5 after market close. HCC achieved a 75.1% profit surprise in the last quarter.

Let’s see how things went before the next results announcement.

Factors to Consider

Warrior Met Coal’s first quarter earnings are expected to have increased due to strong demand for its high quality metallurgical coal and an increase in coal prices encountered.

Warrior Met Coal’s first-quarter earnings may have benefited from its senior note refinancing, which slightly reduced capital servicing expenses.

Expectations

Zacks’ consensus estimate for Warrior Met Coal’s first quarter earnings is pegged at $2.42 per share, indicating a whopping 2,925% growth from the figure reported a year ago.

Zacks’ consensus estimate for first-quarter sales is nearly $347 million, suggesting a 62.3% growth from the figure reported a year ago.

What our quantitative model predicts

Our proven model does not conclusively predict an earnings beat for Warrior Met Coal this time around. The combination of a positive earnings ESP and a Zacks rank #1 (strong buy), 2 (buy) or 3 (hold) increases the chances of an earnings beat, which is not the case here as you will see below.

ESP Earnings: Warrior Met Coal has an ESP of 0.00%. You can discover the best stocks to buy or sell before they’re flagged with our earnings ESP filter.

Zacks Rank: Currently, Warrior Met Coal sports a #1 Zacks rank.

You can see the full list of today’s Zacks #1 Rank stocks here.

Actions to Consider

Investors can consider the following players in the same industry that have the right combination of elements to beat on earnings this reporting cycle.

Plains All American Pipeline, LP (PAA Free Report) is expected to beat earnings estimates when it releases first-quarter 2022 results on May 4. PAA has an earnings ESP of +6.56% and a Zacks rank of #3.

Zacks’ consensus estimate for Plains All American’s 2022 earnings is $1.00 per share, indicating growth of 5.3% from the prior year quarter.

Callon Oil (CPE Free Report) is expected to beat earnings estimates when it releases first quarter 2022 results on May 5.

Callon Petroleum announced a surprise profit of 20.7% over the last four quarters. Zacks consensus estimate for Callon Petroleum earnings in 2022 is $15.54 per share, indicating growth of 78.8% from the prior year quarter.

Sun Power Corporation (SPWR Free Report) is expected to beat earnings estimates when it releases first quarter 2022 results on May 5.

Zacks’ consensus estimate for SunPower’s earnings in 2022 is 34 cents per share, indicating growth of 385.7% from the year-ago quarter.

Stay on top of upcoming earnings announcements with Zacks Earnings Calendar.

Maria R. Newman