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Earnings Estimates Moving Higher for EQT Corporation (EQT): Time to Buy?

Zacks

EQT Corporation EQT operates as an integrated energy company in the U.S. that could be an interesting play for investors. That is because, not only does the stock have decent short-term momentum, but it is seeing solid activity on the earnings estimate revision front as well.

These positive earnings estimate revisions suggest that analysts are becoming more optimistic on EQT’s earnings for the coming quarter and year. In fact, consensus estimates have moved sharply higher for both of these time frames over the past four weeks, suggesting that EQT Corporation could be a solid choice for investors.

Current Quarter Estimates for EQT

In the past 30 days, 5 estimates have gone higher for EQT Corporation while 1 has gone lower in the same time period. The trend has been pretty favorable too, with estimates narrowing from a loss of 4 cents a share 30 days ago, to breakeven today.


Current Year Estimates for EQT

Meanwhile, EQT Corporation’s current year figures are also looking quite promising, with 7 estimates moving higher in the past month, compared to none lower. The consensus estimate trend has also seen a boost for this time frame, narrowing from a loss of 75 cents per share 30 days ago to a loss of 57 cents per share today, an increase of 24%.

EQT CORP Price and Consensus

EQT CORP Price and Consensus | EQT CORP Quote

Bottom Line

The stock has also started to move higher lately, adding 10.6% over the past four weeks, suggesting that investors are starting to take note of this impressive story. So investors may definitely want to consider this Zacks Rank #3 (Hold) stock to profit in the near future. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

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