EQT Earnings: Exceeds Wall Street Estimates

EQT Corporation (NYSE:EQT) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are up 1.91%.

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EQT Corporation Earnings Cheat Sheet

Results: Net income decreased -47.17% to $48 million (48 cents per diluted share) in the quarter versus a net gain of $90.85 million in the year-earlier quarter.

Revenue: Decreased 1.71% to $490 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: EQT Corporation reported adjusted net income of 48 cents per share. By that measure, the company beat the mean analyst estimate of $0.41. It beat the average revenue estimate of $420.94 million.

Key Stats:

Revenue increased 34.59% from $364.06 million in the previous quarter. Net income increased 50.61% from $31.87 million in the previous quarter.

Looking Forward: Analysts have a more negative outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has fallen from a profit of $0.62 to a profit $0.54. For the current year, the average estimate has moved down from a profit of $1.52 to a profit of $1.4 over the last ninety days.

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(Company fundamentals provided by Xignite Financials.)