EQT Corporation reports results for the quarter ended September 30 - Earnings Summary

• EQT Corporation EQT.N reported quarterly adjusted earnings of 42 cents​​ per share for the quarter ended September 30, lower than the same quarter last year, when the company reported EPS of 52 cents. The mean expectation of twenty two analysts for the quarter was for earnings of 39 cents per share. Wall Street expected results to range from 20 cents to 78 cents per share.

• Revenue fell 9.6% to $1.77 billion from a year ago; analysts expected $1.83 billion.

• EQT Corporation's reported EPS for the quarter was 44 cents​.

• The company reported quarterly net income of $278.69 million.

• EQT Corporation shares had risen by 13.0% this quarter and gained 2.3% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 26% in the last three months.​

• In the last 30 days, seven analysts negatively revised earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 19 "strong buy" or "buy," 6 "hold" and no "sell" or "strong sell." The average consensus recommendation for the oil & gas exploration and production peer group is also "buy"

• Wall Street's median 12-month price target for EQT Corporation is $66.50, about 15.4% above its last closing price of $56.27

This summary was machine generated from LSEG data October 27 at 09:01 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)