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.
EQT Corporation (EQT) Dips More Than Broader Markets: What You Should Know
Read MoreHide Full Article
EQT Corporation (EQT - Free Report) closed the most recent trading day at $39.29, moving -0.23% from the previous trading session. This change lagged the S&P 500's 0.21% loss on the day. Meanwhile, the Dow lost 0.43%, and the Nasdaq, a tech-heavy index, added 0.01%.
Heading into today, shares of the company had lost 21.26% over the past month, lagging the Oils-Energy sector's loss of 15.96% and the S&P 500's loss of 9.7% in that time.
EQT Corporation will be looking to display strength as it nears its next earnings release. In that report, analysts expect EQT Corporation to post earnings of $1.02 per share. This would mark year-over-year growth of 750%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $1.7 billion, up 47.43% from the year-ago period.
EQT's full-year Zacks Consensus Estimates are calling for earnings of $4.10 per share and revenue of $6.23 billion. These results would represent year-over-year changes of +345.65% and +38.18%, respectively.
Investors should also note any recent changes to analyst estimates for EQT Corporation. 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.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. 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 ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 7.78% higher within the past month. EQT Corporation is currently sporting a Zacks Rank of #2 (Buy).
Digging into valuation, EQT Corporation currently has a Forward P/E ratio of 9.59. Its industry sports an average Forward P/E of 4.13, so we one might conclude that EQT Corporation is trading at a premium comparatively.
Meanwhile, EQT's PEG ratio is currently 0.17. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. EQT's industry had an average PEG ratio of 0.19 as of yesterday's close.
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 32, which puts it in the top 13% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our 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.
To follow EQT in the coming trading sessions, be sure to utilize Zacks.com.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
EQT Corporation (EQT) Dips More Than Broader Markets: What You Should Know
EQT Corporation (EQT - Free Report) closed the most recent trading day at $39.29, moving -0.23% from the previous trading session. This change lagged the S&P 500's 0.21% loss on the day. Meanwhile, the Dow lost 0.43%, and the Nasdaq, a tech-heavy index, added 0.01%.
Heading into today, shares of the company had lost 21.26% over the past month, lagging the Oils-Energy sector's loss of 15.96% and the S&P 500's loss of 9.7% in that time.
EQT Corporation will be looking to display strength as it nears its next earnings release. In that report, analysts expect EQT Corporation to post earnings of $1.02 per share. This would mark year-over-year growth of 750%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $1.7 billion, up 47.43% from the year-ago period.
EQT's full-year Zacks Consensus Estimates are calling for earnings of $4.10 per share and revenue of $6.23 billion. These results would represent year-over-year changes of +345.65% and +38.18%, respectively.
Investors should also note any recent changes to analyst estimates for EQT Corporation. 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.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. 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 ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 7.78% higher within the past month. EQT Corporation is currently sporting a Zacks Rank of #2 (Buy).
Digging into valuation, EQT Corporation currently has a Forward P/E ratio of 9.59. Its industry sports an average Forward P/E of 4.13, so we one might conclude that EQT Corporation is trading at a premium comparatively.
Meanwhile, EQT's PEG ratio is currently 0.17. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. EQT's industry had an average PEG ratio of 0.19 as of yesterday's close.
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 32, which puts it in the top 13% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our 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.
To follow EQT in the coming trading sessions, be sure to utilize Zacks.com.