EQT Corporation (EQT - Free Report) reported $1.55 billion in revenue for the quarter ended December 2023, representing a year-over-year increase of 17.6%. EPS of $0.48 for the same period compares to $0.42 a year ago.
The reported revenue represents a surprise of +1.83% over the Zacks Consensus Estimate of $1.52 billion. With the consensus EPS estimate being $0.48, the company has not delivered EPS surprise.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how EQT Corporation performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Sales Volume - Total: 563,929 MMcfe versus the 15-analyst average estimate of 559,616.7 MMcfe.
- Average Sales Price - Crude oil: $59.98 compared to the $64.58 average estimate based on 14 analysts.
- Crude Oil Sales Volumes: 469 MBBL versus the 13-analyst average estimate of 599.34 MBBL.
- Natural Gas Sales Volumes: 532,816 MMcf versus 523,921.8 MMcf estimated by 13 analysts on average.
- NGL sales Volumes (NGL and Ethane): 4,716 MBBL versus the 11-analyst average estimate of 5,369.76 MBBL.
- Average natural gas price, including cash settled derivatives: $2.58 versus the eight-analyst average estimate of $2.50.
- Ethane Sales Volume: 874 MBBL versus 1,425.69 MBBL estimated by six analysts on average.
- Average sales price - Ethane: $6.54 versus the five-analyst average estimate of $6.49.
- Average Sales price - NGL: $37.52 versus the five-analyst average estimate of $33.68.
- Operating revenues- Sales of natural gas, natural gas liquids and oil: $1.36 billion versus $1.38 billion estimated by 13 analysts on average. Compared to the year-ago quarter, this number represents a -46.9% change.
- Operating revenues- Net marketing services and other: $7 million versus $5.88 million estimated by 10 analysts on average. Compared to the year-ago quarter, this number represents a +52.4% change.
- Operating revenues- Gain (loss) on derivatives: $671.80 million versus the six-analyst average estimate of $154.91 million. The reported number represents a year-over-year change of -25.9%.
View all Key Company Metrics for EQT Corporation here>>>Shares of EQT Corporation have returned -7.6% over the past month versus the Zacks S&P 500 composite's +5.1% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.
Zacks Names #1 Semiconductor Stock
It's only 1/9,000th the size of NVIDIA which skyrocketed more than +800% since we recommended it. NVIDIA is still strong, but our new top chip stock has much more room to boom.
With strong earnings growth and an expanding customer base, it's positioned to feed the rampant demand for Artificial Intelligence, Machine Learning, and Internet of Things. Global semiconductor manufacturing is projected to explode from $452 billion in 2021 to $803 billion by 2028.
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EQT Corporation (EQT - Free Report) reported $1.55 billion in revenue for the quarter ended December 2023, representing a year-over-year increase of 17.6%. EPS of $0.48 for the same period compares to $0.42 a year ago.
The reported revenue represents a surprise of +1.83% over the Zacks Consensus Estimate of $1.52 billion. With the consensus EPS estimate being $0.48, the company has not delivered EPS surprise.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how EQT Corporation performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Sales Volume - Total: 563,929 MMcfe versus the 15-analyst average estimate of 559,616.7 MMcfe.
- Average Sales Price - Crude oil: $59.98 compared to the $64.58 average estimate based on 14 analysts.
- Crude Oil Sales Volumes: 469 MBBL versus the 13-analyst average estimate of 599.34 MBBL.
- Natural Gas Sales Volumes: 532,816 MMcf versus 523,921.8 MMcf estimated by 13 analysts on average.
- NGL sales Volumes (NGL and Ethane): 4,716 MBBL versus the 11-analyst average estimate of 5,369.76 MBBL.
- Average natural gas price, including cash settled derivatives: $2.58 versus the eight-analyst average estimate of $2.50.
- Ethane Sales Volume: 874 MBBL versus 1,425.69 MBBL estimated by six analysts on average.
- Average sales price - Ethane: $6.54 versus the five-analyst average estimate of $6.49.
- Average Sales price - NGL: $37.52 versus the five-analyst average estimate of $33.68.
- Operating revenues- Sales of natural gas, natural gas liquids and oil: $1.36 billion versus $1.38 billion estimated by 13 analysts on average. Compared to the year-ago quarter, this number represents a -46.9% change.
- Operating revenues- Net marketing services and other: $7 million versus $5.88 million estimated by 10 analysts on average. Compared to the year-ago quarter, this number represents a +52.4% change.
- Operating revenues- Gain (loss) on derivatives: $671.80 million versus the six-analyst average estimate of $154.91 million. The reported number represents a year-over-year change of -25.9%.
View all Key Company Metrics for EQT Corporation here>>>Shares of EQT Corporation have returned -7.6% over the past month versus the Zacks S&P 500 composite's +5.1% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.
Zacks Names #1 Semiconductor Stock
It's only 1/9,000th the size of NVIDIA which skyrocketed more than +800% since we recommended it. NVIDIA is still strong, but our new top chip stock has much more room to boom.
With strong earnings growth and an expanding customer base, it's positioned to feed the rampant demand for Artificial Intelligence, Machine Learning, and Internet of Things. Global semiconductor manufacturing is projected to explode from $452 billion in 2021 to $803 billion by 2028.
See This Stock Now for Free >>
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