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EQT Corporation (EQT) Dips More Than Broader Markets: What You Should Know
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EQT Corporation (EQT - Free Report) closed the most recent trading day at $48.97, moving -1.63% from the previous trading session. This change lagged the S&P 500's daily loss of 1.08%. At the same time, the Dow lost 0.81%, and the tech-heavy Nasdaq gained 0.22%.
Prior to today's trading, shares of the company had gained 36.01% over the past month. This has outpaced the Oils-Energy sector's gain of 10.73% and the S&P 500's gain of 1.03% in that time.
EQT Corporation will be looking to display strength as it nears its next earnings release. The company is expected to report EPS of $0.51, up 628.57% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $1.37 billion, up 37.82% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $2.84 per share and revenue of $5.63 billion. These totals would mark changes of +208.7% and +24.85%, respectively, from last year.
Investors should also note any recent changes to analyst estimates for EQT Corporation. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, we can interpret positive estimate revisions as a good sign for 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.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 4% higher. EQT Corporation is currently a Zacks Rank #1 (Strong Buy).
In terms of valuation, EQT Corporation is currently trading at a Forward P/E ratio of 17.52. This valuation marks a premium compared to its industry's average Forward P/E of 6.15.
It is also worth noting that EQT currently has a PEG ratio of 0.56. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. The Oil and Gas - Exploration and Production - United States was holding an average PEG ratio of 0.29 at yesterday's closing price.
The Oil and Gas - Exploration and Production - United States industry is part of the Oils-Energy sector. This group has a Zacks Industry Rank of 16, putting it in the top 7% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. 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.
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EQT Corporation (EQT) Dips More Than Broader Markets: What You Should Know
EQT Corporation (EQT - Free Report) closed the most recent trading day at $48.97, moving -1.63% from the previous trading session. This change lagged the S&P 500's daily loss of 1.08%. At the same time, the Dow lost 0.81%, and the tech-heavy Nasdaq gained 0.22%.
Prior to today's trading, shares of the company had gained 36.01% over the past month. This has outpaced the Oils-Energy sector's gain of 10.73% and the S&P 500's gain of 1.03% in that time.
EQT Corporation will be looking to display strength as it nears its next earnings release. The company is expected to report EPS of $0.51, up 628.57% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $1.37 billion, up 37.82% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $2.84 per share and revenue of $5.63 billion. These totals would mark changes of +208.7% and +24.85%, respectively, from last year.
Investors should also note any recent changes to analyst estimates for EQT Corporation. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, we can interpret positive estimate revisions as a good sign for 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.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 4% higher. EQT Corporation is currently a Zacks Rank #1 (Strong Buy).
In terms of valuation, EQT Corporation is currently trading at a Forward P/E ratio of 17.52. This valuation marks a premium compared to its industry's average Forward P/E of 6.15.
It is also worth noting that EQT currently has a PEG ratio of 0.56. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. The Oil and Gas - Exploration and Production - United States was holding an average PEG ratio of 0.29 at yesterday's closing price.
The Oil and Gas - Exploration and Production - United States industry is part of the Oils-Energy sector. This group has a Zacks Industry Rank of 16, putting it in the top 7% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. 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.