Exploring Analyst Estimates for EQT (EQT) Q3 Earnings, Beyond Revenue and EPS

Core Viewpoint - EQT Corporation is expected to report significant growth in quarterly earnings and revenues, with earnings per share projected at $0.47, a 291.7% increase year-over-year, and revenues forecasted at $1.71 billion, reflecting a 23.5% increase compared to the previous year [1]. Earnings Projections - The consensus EPS estimate has been revised down by 7.7% over the last 30 days, indicating a reevaluation of initial estimates by analysts [2]. - Changes in earnings projections are crucial for predicting investor reactions, as empirical studies show a strong correlation between earnings estimate trends and short-term stock price movements [3]. Revenue Estimates - Analysts predict 'Operating revenues- Pipeline, net marketing services and other' will reach $149.76 million, a year-over-year increase of 27.8% [5]. - 'Operating revenues- Sales of natural gas, natural gas liquids and oil' is expected to be $1.71 billion, indicating a 55.6% increase from the same quarter last year [5]. - 'Revenues from contracts with customers- NGLs sales' is estimated at $139.47 million, showing a slight decline of 0.2% year-over-year [6]. - 'Revenues from contracts with customers- Oil sales' are projected to be $16.67 million, reflecting a significant decrease of 21.2% year-over-year [6]. Sales Volume and Pricing - The consensus estimate for 'Average Sales Price - Oil price' is $51.00, down from $61.25 in the same quarter last year [7]. - Analysts expect 'NGLs, excluding ethane - NGLs price' to be $29.85, compared to $35.09 in the same quarter last year [7]. - 'Natural gas - Sales volume' is projected to reach 591,651.10 million cubic feet, an increase from 547,225.00 million cubic feet reported last year [8]. - The estimated 'Sales Volume - Total' is 628,248 million cubic feet equivalent, up from 581,414 million cubic feet equivalent year-over-year [8]. - The average daily sales volume is expected to be 6,829 million cubic feet equivalent per day, compared to 6,320 million cubic feet equivalent per day last year [9]. - 'Oil - Sales volume' is forecasted to reach 441 thousand barrels, an increase from 345 thousand barrels reported last year [9]. Additional Metrics - The average prediction for 'Average Sales Price - Ethane price' is $6.26, up from $5.56 in the same quarter last year [10]. - 'NGLs - Sales volumes (NGLs, excluding ethane and Ethane)' is projected to be 3,657 thousand barrels, slightly down from 3,710 thousand barrels reported last year [10]. Market Performance - EQT shares have returned +7.8% over the past month, outperforming the Zacks S&P 500 composite's +0.7% change, although it holds a Zacks Rank 4 (Sell), indicating potential underperformance in the near future [11].