EQT Outruns Estimates Again

Before you go, we thought you'd like these...
Before you go close icon

EQT (NYS: EQT) reported earnings on Jan. 26. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended Dec. 31 (Q4), EQT beat expectations on revenues and beat expectations on earnings per share.

Compared to the prior-year quarter, revenue was unchanged, and GAAP earnings per share grew significantly.

Margins contracted across the board.

Revenue details
EQT tallied revenue of $369.9 million. The five analysts polled by S&P Capital IQ predicted a top line of $361.3 million. Sales were 34% higher than the prior-year quarter's $371.2 million.

anImage

Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions.

EPS details
Non-GAAP EPS came in at $0.60. The 16 earnings estimates compiled by S&P Capital IQ predicted $0.52 per share on the same basis. GAAP EPS of $1.19 for Q4 were 21% higher than the prior-year quarter's $0.49 per share.

anImage

Source: S&P Capital IQ. Quarterly periods. Figures may be non-GAAP to maintain comparability with estimates.

Margin details
For the quarter, gross margin was 62.9%, 410 basis points worse than the prior-year quarter. Operating margin was 34.7%, 160 basis points worse than the prior-year quarter. Net margin was 18.2%, 150 basis points worse than the prior-year quarter.

Looking ahead
Next quarter's average estimate for revenue is $412.8 million. On the bottom line, the average EPS estimate is $0.64.

Next year's average estimate for revenue is $1.61 billion. The average EPS estimate is $2.33.

Investor sentiment
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 133 members out of 146 rating the stock outperform, and 13 members rating it underperform. Among 51 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 47 give EQT a green thumbs-up, and four 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 $70.66.

Is EQT the right energy stock for you? Read about a handful of timely, profit-producing plays on expensive crude in "3 Stocks for $100 Oil." Click here for instant access to this free report.

At the time this article was published Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor ofMotley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

Copyright © 1995 - 2012 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.

Read Full Story

Want more news like this?

Sign up for Finance Report by AOL and get everything from business news to personal finance tips delivered directly to your inbox daily!

Subscribe to our other newsletters

Emails may offer personalized content or ads. Learn more. You may unsubscribe any time.

From Our Partners