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EQT Corporation (EQT) Dips More Than Broader Markets: What You Should Know
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EQT Corporation (EQT - Free Report) closed the most recent trading day at $34.20, moving -0.98% from the previous trading session. This change lagged the S&P 500's daily loss of 0.08%. Elsewhere, the Dow lost 0.15%, while the tech-heavy Nasdaq added 0.03%.
Coming into today, shares of the company had lost 28.15% in the past month. In that same time, the Oils-Energy sector lost 19.96%, while the S&P 500 lost 6.03%.
EQT Corporation will be looking to display strength as it nears its next earnings release. In that report, analysts expect EQT Corporation to post earnings of $0.47 per share. This would mark year-over-year growth of 571.43%. Our most recent consensus estimate is calling for quarterly revenue of $1.47 billion, up 47.1% from the year-ago period.
For the full year, our Zacks Consensus Estimates are projecting earnings of $2.95 per share and revenue of $6.01 billion, which would represent changes of +220.65% and +33.16%, respectively, from the prior year.
Any recent changes to analyst estimates for EQT Corporation should also be noted by investors. These revisions help to show the ever-changing nature of near-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. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 2.38% higher. EQT Corporation is currently sporting a Zacks Rank of #3 (Hold).
In terms of valuation, EQT Corporation is currently trading at a Forward P/E ratio of 11.7. Its industry sports an average Forward P/E of 4.24, so we one might conclude that EQT Corporation is trading at a premium comparatively.
We can also see that EQT currently has a PEG ratio of 0.37. 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. EQT's industry had an average PEG ratio of 0.21 as of yesterday's close.
The Oil and Gas - Exploration and Production - United States industry is part of the Oils-Energy sector. This industry currently has a Zacks Industry Rank of 10, which puts it in the top 4% 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.
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) Dips More Than Broader Markets: What You Should Know
EQT Corporation (EQT - Free Report) closed the most recent trading day at $34.20, moving -0.98% from the previous trading session. This change lagged the S&P 500's daily loss of 0.08%. Elsewhere, the Dow lost 0.15%, while the tech-heavy Nasdaq added 0.03%.
Coming into today, shares of the company had lost 28.15% in the past month. In that same time, the Oils-Energy sector lost 19.96%, while the S&P 500 lost 6.03%.
EQT Corporation will be looking to display strength as it nears its next earnings release. In that report, analysts expect EQT Corporation to post earnings of $0.47 per share. This would mark year-over-year growth of 571.43%. Our most recent consensus estimate is calling for quarterly revenue of $1.47 billion, up 47.1% from the year-ago period.
For the full year, our Zacks Consensus Estimates are projecting earnings of $2.95 per share and revenue of $6.01 billion, which would represent changes of +220.65% and +33.16%, respectively, from the prior year.
Any recent changes to analyst estimates for EQT Corporation should also be noted by investors. These revisions help to show the ever-changing nature of near-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. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 2.38% higher. EQT Corporation is currently sporting a Zacks Rank of #3 (Hold).
In terms of valuation, EQT Corporation is currently trading at a Forward P/E ratio of 11.7. Its industry sports an average Forward P/E of 4.24, so we one might conclude that EQT Corporation is trading at a premium comparatively.
We can also see that EQT currently has a PEG ratio of 0.37. 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. EQT's industry had an average PEG ratio of 0.21 as of yesterday's close.
The Oil and Gas - Exploration and Production - United States industry is part of the Oils-Energy sector. This industry currently has a Zacks Industry Rank of 10, which puts it in the top 4% 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.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.