EQT Corp (EQT) Beats Earnings and Revenues Estimates in Q4

EQT Corporation EQT posted fourth-quarter 2017 adjusted earnings per share of 76 cents, beating the Zacks Consensus Estimate of 22 cents. The figure also increased 204% from 25 cents in the year-earlier quarter.

In 2017, the company reported adjusted earnings of $1.47 per share, which beat the Zacks Consensus Estimate of 79 cents. The company had incurred a loss of 33 cents in 2016.

EQT Corporation Price, Consensus and EPS Surprise

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Zacks Rank & Key Picks

EQT carries a Zacks Rank #3 (Hold).

A few better-ranked players in the same sector are EOG Resources EOG, Pioneer Natural Resources Company PXD and Devon Energy DVN. All these stocks sport a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

Houston, TX-based EOG Resources is a major independent oil and gas exploration and production company. The company delivered an average positive earnings surprise of 40.94% in the preceding four quarters.

Headquartered at Irving, TX, Pioneer Natural Resources Company is an independent oil and gas exploration and production company. It delivered an average positive earnings surprise of 66.92% for the preceding four quarters.

Devon Energy, based in Oklahoma City, is an independent energy company engaged primarily in the exploration, development and production of oil and natural gas. The company delivered a positive earnings surprise of 13.77% in the preceding quarter.

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