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Here's Why Cheniere Energy (LNG) Fell More Than Broader Market
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Cheniere Energy (LNG - Free Report) closed at $169.28 in the latest trading session, marking a -1.48% move from the prior day. This change lagged the S&P 500's 0.17% loss on the day. On the other hand, the Dow registered a loss of 0.58%, and the technology-centric Nasdaq increased by 0.27%.
Coming into today, shares of the natural gas company had gained 7.45% in the past month. In that same time, the Oils-Energy sector lost 0.51%, while the S&P 500 lost 3.95%.
Investors will be eagerly watching for the performance of Cheniere Energy in its upcoming earnings disclosure. The company's earnings report is set to be unveiled on November 2, 2023. It is anticipated that the company will report an EPS of $2.55, marking a 67.31% fall compared to the same quarter of the previous year. Our most recent consensus estimate is calling for quarterly revenue of $3.9 billion, down 55.99% from the year-ago period.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $33.47 per share and a revenue of $19.66 billion, representing changes of +493.44% and -41.19%, respectively, from the prior year.
Investors might also notice recent changes to analyst estimates for Cheniere Energy. Recent revisions tend to reflect the latest 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. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 1.86% increase. Right now, Cheniere Energy possesses a Zacks Rank of #3 (Hold).
In terms of valuation, Cheniere Energy is currently trading at a Forward P/E ratio of 5.13. This represents a discount compared to its industry's average Forward P/E of 9.86.
It's also important to note that LNG currently trades at a PEG ratio of 0.18. 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. The Oil and Gas - Exploration and Production - United States industry had an average PEG ratio of 0.45 as trading concluded yesterday.
The Oil and Gas - Exploration and Production - United States industry is part of the Oils-Energy sector. With its current Zacks Industry Rank of 16, this industry ranks in the top 7% of all industries, numbering over 250.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.
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Here's Why Cheniere Energy (LNG) Fell More Than Broader Market
Cheniere Energy (LNG - Free Report) closed at $169.28 in the latest trading session, marking a -1.48% move from the prior day. This change lagged the S&P 500's 0.17% loss on the day. On the other hand, the Dow registered a loss of 0.58%, and the technology-centric Nasdaq increased by 0.27%.
Coming into today, shares of the natural gas company had gained 7.45% in the past month. In that same time, the Oils-Energy sector lost 0.51%, while the S&P 500 lost 3.95%.
Investors will be eagerly watching for the performance of Cheniere Energy in its upcoming earnings disclosure. The company's earnings report is set to be unveiled on November 2, 2023. It is anticipated that the company will report an EPS of $2.55, marking a 67.31% fall compared to the same quarter of the previous year. Our most recent consensus estimate is calling for quarterly revenue of $3.9 billion, down 55.99% from the year-ago period.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $33.47 per share and a revenue of $19.66 billion, representing changes of +493.44% and -41.19%, respectively, from the prior year.
Investors might also notice recent changes to analyst estimates for Cheniere Energy. Recent revisions tend to reflect the latest 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. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 1.86% increase. Right now, Cheniere Energy possesses a Zacks Rank of #3 (Hold).
In terms of valuation, Cheniere Energy is currently trading at a Forward P/E ratio of 5.13. This represents a discount compared to its industry's average Forward P/E of 9.86.
It's also important to note that LNG currently trades at a PEG ratio of 0.18. 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. The Oil and Gas - Exploration and Production - United States industry had an average PEG ratio of 0.45 as trading concluded yesterday.
The Oil and Gas - Exploration and Production - United States industry is part of the Oils-Energy sector. With its current Zacks Industry Rank of 16, this industry ranks in the top 7% of all industries, numbering over 250.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.