Key Highlights:
- EQT Corporation is set to release its Q1 earnings on April 22, with analysts forecasting a notable EPS increase.
- Wall Street offers a promising one-year average price target for EQT, suggesting potential growth.
- Despite optimistic analyst recommendations, the GuruFocus GF Value suggests a significant downside risk.
Q1 Earnings Preview for EQT Corporation
EQT Corporation (NYSE: EQT) is poised to announce its first-quarter earnings results on April 22, following the market close. Analysts are projecting earnings per share (EPS) of $1.04, representing a significant 26.8% increase from the prior year. Concurrently, revenue is expected to reach $2.09 billion, marking an impressive 21.5% rise. Notably, EQT has a strong track record of surpassing EPS forecasts over the past two years, which can fuel investor confidence ahead of the earnings release.
Analyst Price Targets and Performance Outlook
When examining the perspectives of 24 Wall Street analysts, the consensus one-year price target for EQT Corporation stands at $55.80. This target encompasses a high estimate of $73.00 and a low of $36.00, suggesting a potential upside of 17.02% from the current price of $47.68. For investors seeking a more comprehensive outlook, further details can be accessed on the EQT Corp (EQT, Financial) Forecast page.
Brokerage Recommendations
Based on collective insights from 26 brokerage firms, EQT Corporation enjoys an average recommendation rating of 2.1, which signifies an "Outperform" status. Within this rating system, a score of 1 indicates a Strong Buy, while 5 points to a Sell. This overall favorable outlook from brokers may imply a strong performance potential for EQT in the near term.
GuruFocus Valuation Insight
While Wall Street maintains a positive stance, the GuruFocus GF Value presents a contrasting viewpoint. The estimated GF Value for EQT Corporation over the next year is pegged at $27.40, indicating a potential downside of 42.53% from the current trading price of $47.68. The GF Value is determined by considering EQT's historical trading multiples, past business growth, and future performance projections. For those interested in exploring this valuation method further, comprehensive data is available on the EQT Corp (EQT, Financial) Summary page.
