We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Cheniere Energy (LNG) Gains But Lags Market: What You Should Know
Read MoreHide Full Article
In the latest trading session, Cheniere Energy (LNG - Free Report) closed at $169.28, marking a +0.23% move from the previous day. This move lagged the S&P 500's daily gain of 1.63%. At the same time, the Dow added 1.07%, and the tech-heavy Nasdaq gained 0.3%.
Prior to today's trading, shares of the natural gas company had gained 13.39% over the past month. This has lagged the Oils-Energy sector's gain of 15.61% and outpaced the S&P 500's gain of 2.94% in that time.
Wall Street will be looking for positivity from Cheniere Energy as it approaches its next earnings report date. This is expected to be November 3, 2022. In that report, analysts expect Cheniere Energy to post earnings of $5.09 per share. This would mark year-over-year growth of 441.49%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $7.83 billion, up 144.68% from the year-ago period.
LNG's full-year Zacks Consensus Estimates are calling for earnings of $9.72 per share and revenue of $31.08 billion. These results would represent year-over-year changes of +205.08% and +95.92%, respectively.
Investors should also note any recent changes to analyst estimates for Cheniere Energy. These revisions help to show the ever-changing nature of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 11.02% higher. Cheniere Energy is currently a Zacks Rank #2 (Buy).
Investors should also note Cheniere Energy's current valuation metrics, including its Forward P/E ratio of 17.37. For comparison, its industry has an average Forward P/E of 5.34, which means Cheniere Energy is trading at a premium to the group.
The Oil and Gas - Exploration and Production - United States industry is part of the Oils-Energy sector. This industry currently has a Zacks Industry Rank of 44, which puts it in the top 18% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Cheniere Energy (LNG) Gains But Lags Market: What You Should Know
In the latest trading session, Cheniere Energy (LNG - Free Report) closed at $169.28, marking a +0.23% move from the previous day. This move lagged the S&P 500's daily gain of 1.63%. At the same time, the Dow added 1.07%, and the tech-heavy Nasdaq gained 0.3%.
Prior to today's trading, shares of the natural gas company had gained 13.39% over the past month. This has lagged the Oils-Energy sector's gain of 15.61% and outpaced the S&P 500's gain of 2.94% in that time.
Wall Street will be looking for positivity from Cheniere Energy as it approaches its next earnings report date. This is expected to be November 3, 2022. In that report, analysts expect Cheniere Energy to post earnings of $5.09 per share. This would mark year-over-year growth of 441.49%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $7.83 billion, up 144.68% from the year-ago period.
LNG's full-year Zacks Consensus Estimates are calling for earnings of $9.72 per share and revenue of $31.08 billion. These results would represent year-over-year changes of +205.08% and +95.92%, respectively.
Investors should also note any recent changes to analyst estimates for Cheniere Energy. These revisions help to show the ever-changing nature of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 11.02% higher. Cheniere Energy is currently a Zacks Rank #2 (Buy).
Investors should also note Cheniere Energy's current valuation metrics, including its Forward P/E ratio of 17.37. For comparison, its industry has an average Forward P/E of 5.34, which means Cheniere Energy is trading at a premium to the group.
The Oil and Gas - Exploration and Production - United States industry is part of the Oils-Energy sector. This industry currently has a Zacks Industry Rank of 44, which puts it in the top 18% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.