EQT Earnings: Here’s Why Investors are Happy Now
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 4.03.
EQT Corporation Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 103.57% to $0.57 in the quarter versus EPS of $0.28 in the year-earlier quarter.
Revenue: Rose 53.97% to $520.1 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: EQT Corporation reported adjusted EPS income of $0.57 per share. By that measure, the company beat the mean analyst estimate of $0.56. It beat the average revenue estimate of $487 million.
Key Stats (on next page)…
Revenue decreased 6.9% from $558.66 million in the previous quarter. EPS decreased 13.64% from $0.66 in the previous quarter.
Looking Forward: Analysts have a more positive outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has risen from a profit of $0.44 to a profit $0.52. For the current year, the average estimate has moved up from a profit of $2.09 to a profit of $2.44 over the last ninety days.
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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)