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EQT Corp. (EQT) Beats on Q2 Earnings, Revenue Miss Estimates
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An Earnings Beat: EQT Corporation (EQT - Free Report) reported second quarter adjusted income per share of 44 cents, higher than the Zacks Consensus Estimate of 35 cents.
Estimate Revision Trend & Surprise History: Investors should note that the Zacks Consensus Estimate has seen two upward revision and two downward revisions in the past 30 days.
Nonetheless, EQT has an impressive earnings surprise history. Before posting the earnings in Q2, the company delivered positive surprises in three of the prior four quarters. Overall, the company has a positive earnings surprise of 151.4% in the trailing four quarters.
Revenues: EQT posted revenues of $1,054.7 million, missing the Zacks Consensus Estimate of $1,103 million.
Segment-Wise Key Stats:, EQT Production's second-quarter operating loss was $79.8 million compared with operating income of $52.9 million in the year-ago quarter. However, the EQM Gathering segment’s operating income jumped 45.8% year over year to $121.6 million in the reported quarter. Moreover, EQM transmission operating income grew 4.8% year over year to $60.6 million in the reported quarter.
Zacks Rank: Currently, EQT carries a Zacks Rank #3 (Hold) which is subject to change following the earnings announcement. While things apparently look favorable, it all depends on what sense the just-released report makes to the analysts.
Check back later for our full write up on this EQT Corp earnings report later!
The Hottest Tech Mega-Trend of All
Last year, it generated $8 billion in global revenues. By 2020, it's predicted to blast through the roof to $47 billion. Famed investor Mark Cuban says it will produce "the world's first trillionaires," but that should still leave plenty of money for regular investors who make the right trades early.
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EQT Corp. (EQT) Beats on Q2 Earnings, Revenue Miss Estimates
An Earnings Beat: EQT Corporation (EQT - Free Report) reported second quarter adjusted income per share of 44 cents, higher than the Zacks Consensus Estimate of 35 cents.
Estimate Revision Trend & Surprise History: Investors should note that the Zacks Consensus Estimate has seen two upward revision and two downward revisions in the past 30 days.
Nonetheless, EQT has an impressive earnings surprise history. Before posting the earnings in Q2, the company delivered positive surprises in three of the prior four quarters. Overall, the company has a positive earnings surprise of 151.4% in the trailing four quarters.
EQT Corporation Price and EPS Surprise
EQT Corporation Price and EPS Surprise | EQT Corporation Quote
Revenues: EQT posted revenues of $1,054.7 million, missing the Zacks Consensus Estimate of $1,103 million.
Segment-Wise Key Stats:, EQT Production's second-quarter operating loss was $79.8 million compared with operating income of $52.9 million in the year-ago quarter. However, the EQM Gathering segment’s operating income jumped 45.8% year over year to $121.6 million in the reported quarter. Moreover, EQM transmission operating income grew 4.8% year over year to $60.6 million in the reported quarter.
Zacks Rank: Currently, EQT carries a Zacks Rank #3 (Hold) which is subject to change following the earnings announcement. While things apparently look favorable, it all depends on what sense the just-released report makes to the analysts.
(You can see the complete list of today’s Zacks #1 Rank stocks here)
Check back later for our full write up on this EQT Corp earnings report later!
The Hottest Tech Mega-Trend of All
Last year, it generated $8 billion in global revenues. By 2020, it's predicted to blast through the roof to $47 billion. Famed investor Mark Cuban says it will produce "the world's first trillionaires," but that should still leave plenty of money for regular investors who make the right trades early.
See Zacks' 3 Best Stocks to Play This Trend >>