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Countdown to Cheniere Energy (LNG) Q3 Earnings: A Look at Estimates Beyond Revenue and EPS
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The upcoming report from Cheniere Energy (LNG - Free Report) is expected to reveal quarterly earnings of $4.18 per share, indicating a decline of 12% compared to the year-ago period. Analysts forecast revenues of $5.38 billion, representing an increase of 21% year over year.
The consensus EPS estimate for the quarter has been revised 0.8% higher over the last 30 days to the current level. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during this timeframe.
Ahead of a company's earnings disclosure, it is crucial to give due consideration to changes in earnings estimates. These revisions serve as a noteworthy factor in predicting potential investor reactions to the stock. Numerous empirical studies consistently demonstrate a strong relationship between trends in earnings estimate revision and the short-term price performance of a stock.
While investors typically rely on consensus earnings and revenue estimates to gauge how the business may have fared during the quarter, examining analysts' projections for some of the company's key metrics often helps gain a deeper insight.
In light of this perspective, let's dive into the average estimates of certain Cheniere Energy metrics that are commonly tracked and forecasted by Wall Street analysts.
The average prediction of analysts places 'Revenues- LNG' at $5.52 billion. The estimate indicates a change of +28.3% from the prior-year quarter.
The consensus among analysts is that 'Revenues- Other' will reach $60.71 million. The estimate points to a change of -42.2% from the year-ago quarter.
The collective assessment of analysts points to an estimated 'Revenues- Regasification' of $34.42 million. The estimate indicates a change of +1.2% from the prior-year quarter.
According to the collective judgment of analysts, 'Volumes loaded during the current period' should come in at 695 trillion british thermal units. The estimate compares to the year-ago value of 586 trillion british thermal units.
Shares of Cheniere Energy have demonstrated returns of +11.5% over the past month compared to the Zacks S&P 500 composite's -0.8% change. With a Zacks Rank #2 (Buy), LNG is expected to beat the overall market performance in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
View the Zacks #1 Rank List
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Countdown to Cheniere Energy (LNG) Q3 Earnings: A Look at Estimates Beyond Revenue and EPS
The upcoming report from Cheniere Energy (LNG - Free Report) is expected to reveal quarterly earnings of $4.18 per share, indicating a decline of 12% compared to the year-ago period. Analysts forecast revenues of $5.38 billion, representing an increase of 21% year over year.
The consensus EPS estimate for the quarter has been revised 0.8% higher over the last 30 days to the current level. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during this timeframe.
Ahead of a company's earnings disclosure, it is crucial to give due consideration to changes in earnings estimates. These revisions serve as a noteworthy factor in predicting potential investor reactions to the stock. Numerous empirical studies consistently demonstrate a strong relationship between trends in earnings estimate revision and the short-term price performance of a stock.
While investors typically rely on consensus earnings and revenue estimates to gauge how the business may have fared during the quarter, examining analysts' projections for some of the company's key metrics often helps gain a deeper insight.
In light of this perspective, let's dive into the average estimates of certain Cheniere Energy metrics that are commonly tracked and forecasted by Wall Street analysts.
The average prediction of analysts places 'Revenues- LNG' at $5.52 billion. The estimate indicates a change of +28.3% from the prior-year quarter.
The consensus among analysts is that 'Revenues- Other' will reach $60.71 million. The estimate points to a change of -42.2% from the year-ago quarter.
The collective assessment of analysts points to an estimated 'Revenues- Regasification' of $34.42 million. The estimate indicates a change of +1.2% from the prior-year quarter.
According to the collective judgment of analysts, 'Volumes loaded during the current period' should come in at 695 trillion british thermal units. The estimate compares to the year-ago value of 586 trillion british thermal units.
View all Key Company Metrics for Cheniere Energy here>>>Shares of Cheniere Energy have demonstrated returns of +11.5% over the past month compared to the Zacks S&P 500 composite's -0.8% change. With a Zacks Rank #2 (Buy), LNG is expected to beat the overall market performance in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .