EQT Midstream Partners Earnings: Here’s Why Shares are Up Now
EQT Midstream Partners (NYSE:EQM) delivered a profit and met 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 0.66%.
EQT Midstream Partners Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 138.1% to $0.50 in the quarter versus EPS of $0.21 in the year-earlier quarter.
Revenue: Rose 50.99% to $44.8 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: EQT Midstream Partners reported adjusted EPS income of $0.50 per share. By that measure, the company met the mean analyst estimate of $0.50. It beat the average revenue estimate of $42.44 million.
Key Stats (on next page)…
Revenue increased 0.97% from $44.37 million in the previous quarter. EPS decreased 20.63% from $0.63 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 $0.47 to a profit $0.55. For the current year, the average estimate has moved up from a profit of $1.97 to a profit of $2.22 over the last ninety days.
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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)