EQT Corporation Second Quarter Earnings Sneak Peek

S&P 500 (NYSE:SPY) component EQT Corporation (NYSE:EQT) will unveil its latest earnings on Thursday, July 28, 2011. EQT Corporation 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. Oil ETFs: The Top 10 Exchange Traded Funds for Your Oil Investing List>>

EQT Corporation Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for profit of 41 cents per share, a rise of more than twofold from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved up from 35 cents. Between one and three months ago, the average estimate moved up, and has risen from 40 cents during the last month. For the year, analysts are projecting net income of $2.10 per share, a rise of 33.8% from last year.

Past Earnings Performance: The company’s quarterly results have come in above estimates for the last three quarters. Last quarter, the company booked profit of 67 cents per share versus a mean estimate of net income of 56 cents per share.

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Wall St. Revenue Expectations: On average, analysts predict $311.1 million in revenue this quarter, a rise of 28.8% from the year ago quarter. Analysts are forecasting total revenue of $1.36 billion for the year, a rise of 21.4% 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.

Key Stats:

The company has now seen net income rise in three straight quarters. In the first quarter, net income rose 38.8% while it rose 32% in the fourth quarter of the last fiscal year and 1155.5% in the third quarter of the last fiscal year.

Revenue has risen the past four quarters. Revenue increased 4.4% to $455.7 million in first quarter. The figure rose 7.9% in the fourth quarter of the last fiscal year from the year earlier, climbed 17.9% in the third quarter of the last fiscal year from the year-ago quarter and 8.2% in the second 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), Talisman Energy Inc. (NYSE:TLM), Enterprise Products Partners L.P. (NYSE:EPD), and Questar Corporation (NYSE:STR).

Stock Price Performance: During April 27, 2011 to July 22, 2011, the stock price had risen $15.12 (31.7%) from $47.71 to $62.83. 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 March 3, 2011 and March 10, 2011 when shares fell for six-straight days, falling 8% (-$3.84) over that span. Shares are up $18.39 (+41.4%) year to date.

(Source: Xignite Financials)

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