EQT Set to Report Q1 Earnings: Here's What You Need to Know

EQT Corporation EQT is set to report first-quarter 2025 results on April 22, after the closing bell.In the last reported quarter, its adjusted earnings of 69 cents per share beat the Zacks Consensus Estimate of 50 cents, primarily driven by higher sales volume, increased average realized prices and lower total operating expenses.Earnings surpassed the Zacks Consensus Estimate in each of the trailing four quarters, with the average surprise being 65.5%. This is depicted in the graph below:EQT Corporation Price and EPS Surprise EQT Corporation price-eps-surprise | EQT Corporation QuoteEstimate TrendThe Zacks Consensus Estimate for first-quarter earnings per share of $1.01 has witnessed two downward revisions and three upward revisions in the past 30 days. The estimated figure suggests an improvement of 23.2% from the prior-year reported number.The Zacks Consensus Estimate for revenues of $2.2 billion indicates a 24.9% increase from the year-ago recorded figure.Factors to ConsiderPer the data from the U.S. Energy Information Administration (“EIA”), the average Henry Hub Natural Gas Spot prices for January, February and March of this year were $4.13, $4.19, and $4.12 per million Btu, respectively, compared with $3.18, $1.72, and $1.49 per million Btu in the previous year.Handsome and favorable gas prices will likely aid EQT, a leading producer of natural gas, to produce more of the commodity. Our model has estimated a 1.7% year-over-year increase in EQT’s gas equivalent volume for the March quarter of this year.Earnings WhispersOur proven model indicates an earnings beat for EQT this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy), or 3 (Hold) increases the chances of an earnings beat. That is the case here, as you will see below.Earnings ESP: EQT has an Earnings ESP of +0.78%. You can uncover the best stocks to buy or sell before they are reported with our Earnings ESP Filter.Zacks Rank: EQT currently carries a Zacks Rank #3.Stocks to ConsiderHere are some stocks that you may want to consider, as these have the right combination of elements to post an earnings beat this reporting cycle.Valero Energy Valero Energy Corporation VLO currently has an Earnings ESP of +26.00% and a Zacks Rank #3. You can see the complete list of today’s Zacks #1 Rank stocks here.Valero is scheduled to release first-quarter earnings on April 24. The Zacks Consensus Estimate for VLO’s earnings is pegged at $1.57 per share, suggesting a 58.9% decrease from the prior-year reported figure.Baker Hughes Baker Hughes BKR presently has an Earnings ESP of +0.95% and a Zacks Rank #3.Baker Hughes is scheduled to release first-quarter earnings on April 22. The Zacks Consensus Estimate for BKR’s earnings is pegged at 47 cents per share, suggesting a 9.3% increase from the prior-year reported figure. (Find the latest EPS estimates and surprises on Zacks Earnings Calendar.)Antero Resources Antero Resources Corporation AR currently has an Earnings ESP of +7.65% and a Zacks Rank #1.Antero Resources is scheduled to release first-quarter earnings on April 30. The Zacks Consensus Estimate for AR’s earnings is pegged at 83 cents per share, suggesting a 1086% improvement from the prior-year reported figure.Zacks Names #1 Semiconductor StockIt's only 1/9,000th the size of NVIDIA which skyrocketed more than +800% since we recommended it. NVIDIA is still strong, but our new top chip stock has much more room to boom.With strong earnings growth and an expanding customer base, it's positioned to feed the rampant demand for Artificial Intelligence, Machine Learning, and Internet of Things. Global semiconductor manufacturing is projected to explode from $452 billion in 2021 to $803 billion by 2028.See This Stock Now for Free >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Valero Energy Corporation (VLO): Free Stock Analysis Report EQT Corporation (EQT): Free Stock Analysis Report Baker Hughes Company (BKR): Free Stock Analysis Report Antero Resources Corporation (AR): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks