EQT Corp Third Quarter Earnings on the Horizon

S&P 500 (NYSE:SPY) component EQT Corporation (NYSE:EQT) will unveil its latest earnings on Thursday, October 27, 2011. 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 43 cents per share, a rise of 79.2% from the company’s actual earnings for the same quarter a year ago. The average estimate is the same as three months ago. Between one and three months ago, the average estimate moved up. It has dropped from 44 cents during the last month. Analysts are projecting profit to rise by 42% versus last year to $2.23.

Past Earnings Performance: Last quarter, the company beat estimates by 11 cents, coming in at profit of 52 cents a share versus the estimate of net income of 41 cents a share. It marked the fourth straight quarter of beating estimates.

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Wall St. Revenue Expectations: On average, analysts predict $312.6 million in revenue this quarter, a rise of 25.8% from the year ago quarter. Analysts are forecasting total revenue of $1.35 billion for the year, a rise of 20.5% from last year’s revenue of $1.12 billion.

Analyst Ratings: Analysts are bullish on this stock with 14 analysts rating it as a buy, one rating it as a sell and one rating it as a hold.

A Look Back: In the second quarter, profit rose more than twofold to $87.8 million (58 cents a share) from $30 million (20 cents a share) the year earlier, exceeding analyst expectations. Revenue rose 35.5% to $349 million from $257.5 million.

Key Stats:

The company has seen net income rise in three straight quarters. Net income rose 38.8% in the first quarter and 32% in the fourth quarter of the last fiscal year.

Revenue has risen the past four quarters. Revenue rose 4.4% in the first quarter from the year earlier, climbed 7.9% in the fourth quarter of the last fiscal year from the year-ago quarter and 17.9% in the third 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 August 25, 2011 to October 21, 2011, the stock price had risen $14.63 (27.6%) from $52.97 to $67.60. The stock price saw one of its best stretches over the last year between January 6, 2011 and January 18, 2011 when shares rose for eight-straight days, rising 3.7% (+$1.68) over that span. It saw one of its worst periods between August 1, 2011 and August 8, 2011 when shares fell for six-straight days, falling 24.4% (-$15.58) over that span. Shares are up $23.32 (+52.7%) year to date.

(Source: Xignite Financials)

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