Recap: EQT Q4 Earnings
Portfolio Pulse from Benzinga Insights
EQT Corporation (NYSE:EQT) reported its Q4 earnings on February 13, 2024, missing estimated earnings by 7.69% with an EPS of $0.48 versus an estimate of $0.52. However, revenue increased by $232.00 million from the same period last year. In the previous quarter, EQT beat EPS estimates which led to a 1.88% increase in share price the following day.
February 13, 2024 | 9:35 pm
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EQT Corporation reported lower than expected Q4 earnings but showed a significant increase in revenue compared to the previous year.
EQT's earnings miss may initially disappoint investors, but the significant increase in revenue could offset concerns about the earnings miss. Historically, EQT's stock price increased following a positive earnings surprise last quarter. The mixed results (missed EPS but increased revenue) suggest a neutral short-term impact as investors weigh the earnings miss against the revenue growth.
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