EQT (NYSE: EQT ) reported earnings on July 25. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended June 30 (Q2), EQT missed slightly on revenues and beat slightly on earnings per share.
Compared to the prior-year quarter, revenue grew significantly. GAAP earnings per share increased significantly.
Margins grew across the board.
EQT notched revenue of $469.7 million. The seven analysts polled by S&P Capital IQ foresaw sales of $477.5 million on the same basis. GAAP reported sales were 54% higher than the prior-year quarter's $337.8 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 $0.57. The 18 earnings estimates compiled by S&P Capital IQ forecast $0.56 per share. GAAP EPS of $0.57 for Q2 were 171% higher than the prior-year quarter's $0.21 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 78.2%, 690 basis points better than the prior-year quarter. Operating margin was 32.9%, 880 basis points better than the prior-year quarter. Net margin was 16.7%, 740 basis points better than the prior-year quarter. (Margins calculated in GAAP terms.)
Next quarter's average estimate for revenue is $477.0 million. On the bottom line, the average EPS estimate is $0.51.
Next year's average estimate for revenue is $2.02 billion. The average EPS estimate is $2.45.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 137 members out of 147 rating the stock outperform, and 10 members rating it underperform. Among 50 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 48 give EQT a green thumbs-up, and two 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 $87.40.
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