EQT Earnings: Here’s Why Investors Like These Results
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 8.19%.
EQT Corporation Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 32% to $0.66 in the quarter versus EPS of $0.50 in the year-earlier quarter.
Revenue: Rose 24.16% to $558.66 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: EQT Corporation reported adjusted EPS income of $0.66 per share. By that measure, the company beat the mean analyst estimate of $0.53. It beat the average revenue estimate of $424.22 million.
Quoting Management: There was no comment from the management.
Key Stats (on next page)…
Revenue increased 14.06% from $489.79 million in the previous quarter. EPS increased 37.5% from $0.48 in the previous quarter.
Looking Forward: Analysts have a neutral outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings is a profit of $0.41 and has not changed. For the current year, the average estimate has moved down from a profit of $2.1 to a profit of $2.01 over the last ninety days.
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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)