EQT Corporation (EQT) closed the last trading day at $37.59, indicating a -1.05% change from the previous session close. This change trailed the S&P 500’s daily gain of 0.51%. At the same time, the Dow added 0.2%, and the tech-heavy Nasdaq gained 0.58%.
Shares of the company are up 10.98% over the past month, outperforming the Oils-Energy sector’s gain of 4.16% and the S&P 500’s gain of 2.94%.
Analysts and investors alike will be paying close attention to EQT Corporation’s performance in its upcoming earnings release. The company’s upcoming EPS is projected at $0.96, representing a 43.53% drop compared to the same quarter last year. Meanwhile, the Zacks Consensus Estimate for earnings forecasts net sales of $1.87 billion, down 0.8% from the year-ago period.
For the full year, the Zacks Consensus Estimates forecast earnings of $2.36 per share and revenue of $6.81 billion, which would represent changes of +3.06% and +21.21%, respectively, from the prior year. .
It is also important for investors to be aware of some recent changes to analyst ratings for EQT Corporation. These recent revisions tend to reflect the evolving nature of short-term business trends. Therefore, positive changes in ratings mean analyst optimism regarding the company’s business and profitability.
Based on our research, we believe these rating revisions are directly related to near-term stock moves. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these rating changes into account and delivers a clear, reasonable rating model.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has a remarkable history of outperformance, externally verified, with #1 stocks returning an average annual gain of +25% since 1988. During the last 30 days, the Zacks Consensus EPS estimate saw a decrease of 11.22%. EQT Corporation currently has a Zacks Rank of number 4 (Sell).
Valuation is also important, so investors should note that EQT Corporation has a Forward P/E ratio of 16.13 right now. For comparison, its industry has an average Forward P/E of 9.79, which means that EQT Corporation trades at a premium to the group.
It should be further noted that EQT currently holds a PEG ratio of 1.16. This popular metric is similar to the widely known P/E ratio, with the difference that the PEG ratio also takes into account the company’s expected earnings growth. As of the close of trading yesterday, the Oil & Gas – Exploration & Production – United States industry held an average PEG ratio of 0.67.
The Oil and Gas – Exploration and Production – United States industry is part of the Petroleum Energy sector. Currently, this industry holds a Zacks Industry Rank of 229, placing it in the bottom 10% of all 250+ industries.
The Zacks Industry Rank is ordered from best to worst based on the average Zacks Rank of the individual companies in 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 use Zacks.com to stay up-to-date with all of these stock-changing metrics, among others, in the upcoming trading sessions.
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EQT Corporation (EQT): Free Analysis Report
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.