EQT Corp Fourth Quarter Earnings Sneak Peek

S&P 500 (NYSE:SPY) component EQT Corporation (NYSE:EQT) will unveil its latest earnings on Thursday, January 26, 2012. EQT offers energy products including natural gas, NGLs, and a limited amount of crude oil and services to wholesale and retail customers in the United States.

EQT Corporation Earnings Preview Cheat Sheet.

Wall St. Earnings Expectations: The average estimate of analysts is for net income of 54 cents per share, a rise of 10.2% from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved down from 58 cents. Between one and three months ago, the average estimate moved down. It also has dropped from 55 cents during the last month. Analysts are projecting profit to rise by 37.6% versus last year to $2.16.

Past Earnings Performance: Last quarter, the company beat estimates by 2 cents, coming in at profit of 45 cents a share versus the estimate of net income of 43 cents a share. It marked the fourth straight quarter of beating estimates.

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Wall St. Revenue Expectations: On average, analysts predict $357.4 million in revenue this quarter, a rise of 15.8% from the year ago quarter. Analysts are forecasting total revenue of $1.39 billion for the year, a rise of 24.1% from last year’s revenue of $1.12 billion.

Analyst Ratings: Analysts are bullish on this stock with 13 analysts rating it as a buy, one rating it as a sell and two rating it as a hold.

A Look Back: In the third quarter, profit rose more than fourfold to $178.9 million ($1.19 a share) from $36.5 million (24 cents a share) the year earlier, exceeding analyst expectations. Revenue rose 30.8% to $336.7 million from $257.3 million.

Key Stats:

The company has seen net income rise in three straight quarters. Net income rose more than twofold in the second quarter and 38.8% in the first quarter.

Revenue has risen the past four quarters. Revenue rose 35.5% in the second quarter from the year earlier, climbed 4.4% in the first quarter from the year-ago quarter and 7.9% in the fourth quarter of the last fiscal year.

Competitors to Watch: MarkWest Energy Partners, L.P. (NYSE:MWE), Williams Companies, Inc. (NYSE:WMB), Chevron Corporation (NYSE:CVX), Exxon Mobil Corporation (NYSE:XOM), Marathon Oil Corporation (NYSE:MRO), Southwestern Energy Co. (NYSE:SWN), BG Group plc (BRGYY), Talisman Energy Inc. (NYSE:TLM), Enterprise Products Partners L.P. (NYSE:EPD), and Questar Corporation (NYSE:STR).

Stock Price Performance: During October 24, 2011 to January 20, 2012, the stock price had fallen $21.81 (-32%) from $68.11 to $46.30. The stock price saw one of its best stretches over the last year between July 14, 2011 and July 22, 2011 when shares rose for seven-straight days, rising 14.8% (+$8.04) over that span. It saw one of its worst periods between January 5, 2012 and January 17, 2012 when shares fell for eight-straight days, falling 13.3% (-$7.49) over that span.

(Company fundamentals by Xignite Financials. Earnings estimates provided by Zacks)

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