EQT Corporation (NYSE:EQT) is expected to report third quarter earnings results, before market open, on Thursday 22nd October 2020.
Analysts polled by Thomson Reuters anticipate third quarter loss of $ 0.24 per share.
Looking ahead, the full year loss are expected at $ 0.31 per share on the revenues of $ 3510.08 million.
Previous Quarter Performance
EQT Corporation posted loss for the second quarter of $ 0.18 per share, from the revenue of $ 527.07 million. The quarterly revenues reduced 44.60 percent compared with the same quarter last year. The consensus estimates are loss of $ 0.14 per share from $ 804.38 million in revenue. The bottom line results missed street analysts by $ 0.04 or 28.57 percent, at the same time, top line results fell short of analysts by $ 277.31 million or 34.47 percent.
Stock Performance
Shares of EQT Corporation traded low $ -0.08 or -0.53 percent on Wednesday, reaching $ 14.95 with volume of 3.42 million shares. The stock opened positive for the day at $ 15.48, after closing the previous day trading at $ 15.03.
According to the previous trading day, closing price of $ 15.03, representing a 257.01 % increase from the 52 week low of $ 4.21 and a 16.36 % decrease over the 52 week high of $ 17.97.
The company has a market capital of $ 3.82 billion and is part of the Energy sector and Oil & Gas E&P industry.
Recent Analyst recommendations
- On 9th October 2020, upgraded by Morgan Stanley to Overweight from Equal-Weight rating.
Conference Call
EQT Corporation will be hosting a conference call at 9:00 AM eastern time on 22nd October 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.eqt.com
EQT Corporation operates as a natural gas production company in the United States. It produces natural gas, natural gas liquids (NGLs), and crude oil. As of December 31, 2018, this segment had 21.8 trillion cubic feet of proved natural gas, NGLs, and crude oil reserves across approximately 1.4 million gross acres.
