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EQT Corporation (EQT) Stock Sinks As Market Gains: What You Should Know
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EQT Corporation (EQT - Free Report) closed the most recent trading day at $38.45, moving -1.26% from the previous trading session. This change lagged the S&P 500's 0.08% gain on the day. Meanwhile, the Dow lost 0.68%, and the Nasdaq, a tech-heavy index, lost 0.61%.
Coming into today, shares of the company had gained 11.86% in the past month. In that same time, the Oils-Energy sector gained 2.92%, while the S&P 500 gained 6.1%.
EQT Corporation will be looking to display strength as it nears its next earnings release. The company is expected to report EPS of $0.08, down 90.36% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $1.23 billion, down 23.89% from the year-ago period.
For the full year, our Zacks Consensus Estimates are projecting earnings of $2.62 per share and revenue of $6.44 billion, which would represent changes of -15.76% and +4.62%, respectively, from the prior year.
Investors might also notice recent changes to analyst estimates for EQT Corporation. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
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 3.7% lower. EQT Corporation is holding a Zacks Rank of #3 (Hold) right now.
Investors should also note EQT Corporation's current valuation metrics, including its Forward P/E ratio of 14.85. Its industry sports an average Forward P/E of 7.13, so we one might conclude that EQT Corporation is trading at a premium comparatively.
It is also worth noting that EQT currently has a PEG ratio of 0.75. 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. Oil and Gas - Exploration and Production - United States stocks are, on average, holding a PEG ratio of 0.36 based on yesterday's closing prices.
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 218, putting it in the bottom 14% 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.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
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EQT Corporation (EQT) Stock Sinks As Market Gains: What You Should Know
EQT Corporation (EQT - Free Report) closed the most recent trading day at $38.45, moving -1.26% from the previous trading session. This change lagged the S&P 500's 0.08% gain on the day. Meanwhile, the Dow lost 0.68%, and the Nasdaq, a tech-heavy index, lost 0.61%.
Coming into today, shares of the company had gained 11.86% in the past month. In that same time, the Oils-Energy sector gained 2.92%, while the S&P 500 gained 6.1%.
EQT Corporation will be looking to display strength as it nears its next earnings release. The company is expected to report EPS of $0.08, down 90.36% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $1.23 billion, down 23.89% from the year-ago period.
For the full year, our Zacks Consensus Estimates are projecting earnings of $2.62 per share and revenue of $6.44 billion, which would represent changes of -15.76% and +4.62%, respectively, from the prior year.
Investors might also notice recent changes to analyst estimates for EQT Corporation. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
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 3.7% lower. EQT Corporation is holding a Zacks Rank of #3 (Hold) right now.
Investors should also note EQT Corporation's current valuation metrics, including its Forward P/E ratio of 14.85. Its industry sports an average Forward P/E of 7.13, so we one might conclude that EQT Corporation is trading at a premium comparatively.
It is also worth noting that EQT currently has a PEG ratio of 0.75. 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. Oil and Gas - Exploration and Production - United States stocks are, on average, holding a PEG ratio of 0.36 based on yesterday's closing prices.
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 218, putting it in the bottom 14% 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.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.