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EQT Corporation (EQT) Gains But Lags Market: What You Should Know
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EQT Corporation (EQT - Free Report) closed at $46 in the latest trading session, marking a +1.25% move from the prior day. The stock lagged the S&P 500's daily gain of 1.83%. Elsewhere, the Dow gained 1.4%, while the tech-heavy Nasdaq added 0.09%.
Prior to today's trading, shares of the company had gained 5.87% over the past month. This has outpaced the Oils-Energy sector's gain of 5.29% and the S&P 500's loss of 5.51% in that time.
Investors will be hoping for strength from EQT Corporation as it approaches its next earnings release. In that report, analysts expect EQT Corporation to post earnings of $0.99 per share. This would mark year-over-year growth of 725%. Our most recent consensus estimate is calling for quarterly revenue of $1.68 billion, up 45.5% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $3.94 per share and revenue of $6.32 billion. These totals would mark changes of +328.26% and +40%, respectively, from last year.
It is also important to note the recent changes to analyst estimates for EQT Corporation. These revisions help to show the ever-changing nature of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. 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 ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 4.25% higher within the past month. EQT Corporation currently has a Zacks Rank of #1 (Strong Buy).
Looking at its valuation, EQT Corporation is holding a Forward P/E ratio of 11.52. This represents a premium compared to its industry's average Forward P/E of 5.09.
We can also see that EQT currently has a PEG ratio of 0.23. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. The Oil and Gas - Exploration and Production - United States industry currently had an average PEG ratio of 0.23 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 74, which puts it in the top 30% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our 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.
To follow EQT in the coming trading sessions, be sure to utilize Zacks.com.
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EQT Corporation (EQT) Gains But Lags Market: What You Should Know
EQT Corporation (EQT - Free Report) closed at $46 in the latest trading session, marking a +1.25% move from the prior day. The stock lagged the S&P 500's daily gain of 1.83%. Elsewhere, the Dow gained 1.4%, while the tech-heavy Nasdaq added 0.09%.
Prior to today's trading, shares of the company had gained 5.87% over the past month. This has outpaced the Oils-Energy sector's gain of 5.29% and the S&P 500's loss of 5.51% in that time.
Investors will be hoping for strength from EQT Corporation as it approaches its next earnings release. In that report, analysts expect EQT Corporation to post earnings of $0.99 per share. This would mark year-over-year growth of 725%. Our most recent consensus estimate is calling for quarterly revenue of $1.68 billion, up 45.5% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $3.94 per share and revenue of $6.32 billion. These totals would mark changes of +328.26% and +40%, respectively, from last year.
It is also important to note the recent changes to analyst estimates for EQT Corporation. These revisions help to show the ever-changing nature of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. 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 ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 4.25% higher within the past month. EQT Corporation currently has a Zacks Rank of #1 (Strong Buy).
Looking at its valuation, EQT Corporation is holding a Forward P/E ratio of 11.52. This represents a premium compared to its industry's average Forward P/E of 5.09.
We can also see that EQT currently has a PEG ratio of 0.23. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. The Oil and Gas - Exploration and Production - United States industry currently had an average PEG ratio of 0.23 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 74, which puts it in the top 30% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our 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.
To follow EQT in the coming trading sessions, be sure to utilize Zacks.com.