EQT Q2 EPS $(0.17) Beats $(0.23) Estimate, Sales $993.00M Miss $1.03B Estimate
Portfolio Pulse from Benzinga Newsdesk
EQT Corporation reported Q2 losses of $0.17 per share, beating the analyst consensus estimate of $0.23 by 26.09%. However, the company's quarterly sales of $993.00 million missed the analyst consensus estimate of $1.03 billion by 3.59%. This represents a 120.48% decrease in earnings and a 38.40% decrease in sales compared to the same period last year.
July 25, 2023 | 8:31 pm
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NEGATIVE IMPACT
EQT's Q2 earnings beat estimates but sales missed, indicating mixed performance. The significant YoY decreases in earnings and sales could negatively impact investor sentiment.
EQT's earnings beat estimates, which is a positive signal. However, the miss on sales and the significant year-over-year decreases in both earnings and sales could negatively impact the stock as it indicates a potential slowdown in the company's business.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100