Will EQT Corporation (EQT) Report Negative Earnings Next Week? What You Should Know

Core Viewpoint - The market anticipates EQT Corporation to report a year-over-year increase in earnings driven by higher revenues for the quarter ended June 2024, with a focus on how actual results compare to estimates [1][2]. Revenue and Earnings Estimates - The consensus estimate indicates a quarterly loss of $0.09 per share, reflecting a year-over-year change of +47.1% [3]. - Revenues are projected to reach $1.2 billion, representing a 20.8% increase from the same quarter last year [4]. Estimate Revisions - The consensus EPS estimate has been revised 83.84% higher in the last 30 days, indicating a significant reassessment by analysts [5]. - The Most Accurate Estimate for EQT is lower than the Zacks Consensus Estimate, resulting in an Earnings ESP of -14.16%, suggesting a bearish outlook from analysts [11]. Earnings Surprise Prediction - The Zacks Earnings ESP model indicates that a positive or negative reading can predict deviations from consensus estimates, with a strong predictor being a positive Earnings ESP combined with a Zacks Rank of 1, 2, or 3 [9][10]. - EQT currently holds a Zacks Rank of 2, but the negative Earnings ESP complicates the prediction of an earnings beat [12][13]. Historical Performance - In the last reported quarter, EQT exceeded the expected earnings of $0.65 per share, achieving $0.82, resulting in a surprise of +26.15% [14]. - Over the past four quarters, EQT has beaten consensus EPS estimates three times [15]. Conclusion - While EQT may not appear to be a strong candidate for an earnings beat, investors should consider other factors influencing stock performance ahead of the earnings release [18].