EQT (NYSE: EQT ) reported earnings on Oct. 25. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended Sep. 30 (Q3), EQT beat expectations on revenues and missed estimates on earnings per share.
Compared to the prior-year quarter, revenue expanded and GAAP earnings per share shrank significantly.
Margins dropped across the board.
EQT logged revenue of $364.1 million. The four analysts polled by S&P Capital IQ anticipated sales of $348.6 million on the same basis. GAAP reported sales were 8.1% higher than the prior-year quarter's $336.7 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at $0.24. The 17 earnings estimates compiled by S&P Capital IQ predicted $0.31 per share. GAAP EPS of $0.21 for Q3 were 82% lower than the prior-year quarter's $1.19 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 74.2%, 530 basis points worse than the prior-year quarter. Operating margin was 23.6%, 1,640 basis points worse than the prior-year quarter. Net margin was 8.8%, 4,430 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $408.5 million. On the bottom line, the average EPS estimate is $0.49.
Next year's average estimate for revenue is $1.42 billion. The average EPS estimate is $1.55.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 140 members out of 152 rating the stock outperform, and 12 members rating it underperform. Among 50 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 47 give EQT a green thumbs-up, and three give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on EQT is outperform, with an average price target of $64.96.
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