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EQT Corporation (EQT) Gains As Market Dips: What You Should Know
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In the latest trading session, EQT Corporation (EQT - Free Report) closed at $36.34, marking a +0.36% move from the previous day. This move outpaced the S&P 500's daily loss of 0.41%. Elsewhere, the Dow gained 0.11%, while the tech-heavy Nasdaq lost 6.67%.
Prior to today's trading, shares of the company had lost 12.79% over the past month. This has lagged the Oils-Energy sector's loss of 3.55% and the S&P 500's loss of 4.4% 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 $1.29, up 214.63% from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $1.84 billion, up 30.65% from the year-ago period.
For the full year, our Zacks Consensus Estimates are projecting earnings of $4.04 per share and revenue of $6.63 billion, which would represent changes of +339.13% and +46.99%, respectively, from the prior year.
Investors should also note any recent changes to analyst estimates for EQT Corporation. These recent revisions tend to reflect the evolving nature of short-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
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. Over the past month, the Zacks Consensus EPS estimate has moved 5.79% lower. EQT Corporation is currently a Zacks Rank #3 (Hold).
Looking at its valuation, EQT Corporation is holding a Forward P/E ratio of 8.97. This valuation marks a premium compared to its industry's average Forward P/E of 5.2.
We can also see that EQT currently has a PEG ratio of 0.16. 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 0.25 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 142, putting it in the bottom 44% 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.
To follow EQT in the coming trading sessions, be sure to utilize Zacks.com.
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EQT Corporation (EQT) Gains As Market Dips: What You Should Know
In the latest trading session, EQT Corporation (EQT - Free Report) closed at $36.34, marking a +0.36% move from the previous day. This move outpaced the S&P 500's daily loss of 0.41%. Elsewhere, the Dow gained 0.11%, while the tech-heavy Nasdaq lost 6.67%.
Prior to today's trading, shares of the company had lost 12.79% over the past month. This has lagged the Oils-Energy sector's loss of 3.55% and the S&P 500's loss of 4.4% 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 $1.29, up 214.63% from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $1.84 billion, up 30.65% from the year-ago period.
For the full year, our Zacks Consensus Estimates are projecting earnings of $4.04 per share and revenue of $6.63 billion, which would represent changes of +339.13% and +46.99%, respectively, from the prior year.
Investors should also note any recent changes to analyst estimates for EQT Corporation. These recent revisions tend to reflect the evolving nature of short-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
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. Over the past month, the Zacks Consensus EPS estimate has moved 5.79% lower. EQT Corporation is currently a Zacks Rank #3 (Hold).
Looking at its valuation, EQT Corporation is holding a Forward P/E ratio of 8.97. This valuation marks a premium compared to its industry's average Forward P/E of 5.2.
We can also see that EQT currently has a PEG ratio of 0.16. 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 0.25 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 142, putting it in the bottom 44% 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.
To follow EQT in the coming trading sessions, be sure to utilize Zacks.com.