EQT Q1 2024 Adj EPS $0.82 Beats $0.64 Estimate, Adj Sales $1.720B Beat $1.559B Estimate
Portfolio Pulse from Benzinga Newsdesk
EQT Corporation reported its Q1 2024 adjusted earnings per share at $0.82, surpassing the consensus estimate of $0.64 by 28.12%. Adjusted sales reached $1.720 billion, exceeding expectations by 10.31% but marking an 8.90% decrease from the previous year's $1.888 billion.
April 23, 2024 | 8:32 pm
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POSITIVE IMPACT
EQT Corporation exceeded Q1 2024 earnings and sales estimates, with adjusted EPS at $0.82 and sales of $1.720 billion, despite a year-over-year decrease.
EQT's performance in Q1 2024, with both earnings and sales surpassing analyst expectations, indicates a strong operational efficiency and market position. Despite the year-over-year sales decrease, the significant beat on both earnings and sales estimates is likely to instill investor confidence and could lead to a positive short-term impact on the stock price. The decrease in sales compared to the previous year might temper some of the positive momentum, but the overall beat on expectations is a strong positive signal.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100