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Cheniere Energy (LNG) Outpaces Stock Market Gains: What You Should Know
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Cheniere Energy (LNG - Free Report) closed at $156.51 in the latest trading session, marking a +1.98% move from the prior day. This change outpaced the S&P 500's 0.4% gain on the day. Elsewhere, the Dow gained 0.33%, while the tech-heavy Nasdaq lost 1.1%.
Coming into today, shares of the natural gas company had lost 4.44% in the past month. In that same time, the Oils-Energy sector gained 5.03%, while the S&P 500 lost 0.01%.
Investors will be hoping for strength from Cheniere Energy as it approaches its next earnings release. On that day, Cheniere Energy is projected to report earnings of $4.16 per share, which would represent year-over-year growth of 455.56%. Our most recent consensus estimate is calling for quarterly revenue of $8.51 billion, up 29.83% from the year-ago period.
It is also important to note the recent changes to analyst estimates for Cheniere Energy. Recent revisions tend to reflect the latest near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. Cheniere Energy is holding a Zacks Rank of #3 (Hold) right now.
In terms of valuation, Cheniere Energy is currently trading at a Forward P/E ratio of 8.92. This represents a premium compared to its industry's average Forward P/E of 5.12.
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 215, which puts it in the bottom 15% 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.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
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Cheniere Energy (LNG) Outpaces Stock Market Gains: What You Should Know
Cheniere Energy (LNG - Free Report) closed at $156.51 in the latest trading session, marking a +1.98% move from the prior day. This change outpaced the S&P 500's 0.4% gain on the day. Elsewhere, the Dow gained 0.33%, while the tech-heavy Nasdaq lost 1.1%.
Coming into today, shares of the natural gas company had lost 4.44% in the past month. In that same time, the Oils-Energy sector gained 5.03%, while the S&P 500 lost 0.01%.
Investors will be hoping for strength from Cheniere Energy as it approaches its next earnings release. On that day, Cheniere Energy is projected to report earnings of $4.16 per share, which would represent year-over-year growth of 455.56%. Our most recent consensus estimate is calling for quarterly revenue of $8.51 billion, up 29.83% from the year-ago period.
It is also important to note the recent changes to analyst estimates for Cheniere Energy. Recent revisions tend to reflect the latest near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. Cheniere Energy is holding a Zacks Rank of #3 (Hold) right now.
In terms of valuation, Cheniere Energy is currently trading at a Forward P/E ratio of 8.92. This represents a premium compared to its industry's average Forward P/E of 5.12.
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 215, which puts it in the bottom 15% 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.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.