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Cheniere Energy (LNG) Stock Sinks As Market Gains: What You Should Know
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Cheniere Energy (LNG - Free Report) closed at $150.16 in the latest trading session, marking a -1.73% move from the prior day. This change lagged the S&P 500's daily gain of 0.33%. At the same time, the Dow added 0.3%, and the tech-heavy Nasdaq gained 1.92%.
Heading into today, shares of the natural gas company had gained 6.21% over the past month, lagging the Oils-Energy sector's gain of 6.24% and outpacing the S&P 500's gain of 5.67% in that time.
Wall Street will be looking for positivity from Cheniere Energy as it approaches its next earnings report date. This is expected to be May 2, 2023. The company is expected to report EPS of $5.38, down 26.8% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $6.52 billion, down 12.88% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $16.22 per share and revenue of $23.11 billion. These totals would mark changes of +187.59% and -30.86%, respectively, from last year.
Investors should also note any recent changes to analyst estimates for Cheniere Energy. Recent revisions tend to reflect the latest 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, 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 remained stagnant. Cheniere Energy is holding a Zacks Rank of #3 (Hold) right now.
Investors should also note Cheniere Energy's current valuation metrics, including its Forward P/E ratio of 9.42. For comparison, its industry has an average Forward P/E of 6.74, which means Cheniere Energy is trading at a premium to the group.
Also, we should mention that LNG has a PEG ratio of 0.88. 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 was holding an average PEG ratio of 0.36 at yesterday's closing price.
The Oil and Gas - Exploration and Production - United States industry is part of the Oils-Energy sector. This group has a Zacks Industry Rank of 238, putting it in the bottom 6% 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.
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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Cheniere Energy (LNG) Stock Sinks As Market Gains: What You Should Know
Cheniere Energy (LNG - Free Report) closed at $150.16 in the latest trading session, marking a -1.73% move from the prior day. This change lagged the S&P 500's daily gain of 0.33%. At the same time, the Dow added 0.3%, and the tech-heavy Nasdaq gained 1.92%.
Heading into today, shares of the natural gas company had gained 6.21% over the past month, lagging the Oils-Energy sector's gain of 6.24% and outpacing the S&P 500's gain of 5.67% in that time.
Wall Street will be looking for positivity from Cheniere Energy as it approaches its next earnings report date. This is expected to be May 2, 2023. The company is expected to report EPS of $5.38, down 26.8% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $6.52 billion, down 12.88% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $16.22 per share and revenue of $23.11 billion. These totals would mark changes of +187.59% and -30.86%, respectively, from last year.
Investors should also note any recent changes to analyst estimates for Cheniere Energy. Recent revisions tend to reflect the latest 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, 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 remained stagnant. Cheniere Energy is holding a Zacks Rank of #3 (Hold) right now.
Investors should also note Cheniere Energy's current valuation metrics, including its Forward P/E ratio of 9.42. For comparison, its industry has an average Forward P/E of 6.74, which means Cheniere Energy is trading at a premium to the group.
Also, we should mention that LNG has a PEG ratio of 0.88. 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 was holding an average PEG ratio of 0.36 at yesterday's closing price.
The Oil and Gas - Exploration and Production - United States industry is part of the Oils-Energy sector. This group has a Zacks Industry Rank of 238, putting it in the bottom 6% 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.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.