) is set to report fourth quarter 2013 results on Feb 13 before
the opening bell. Last quarter it posted a +16.00% surprise.
Let's see how things are shaping up for this announcement.
ANADARKO PETROL (APC): Free Stock Analysis
BREITBURN EGY (BBEP): Free Stock Analysis
EQT CORP (EQT): Free Stock Analysis Report
PENN VIRGINIA (PVA): Free Stock Analysis
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Factors to Consider this Quarter
EQT Corporation's third quarter 2013 adjusted earnings increased
to $0.58 per share from $0.21 in prior-year quarter and surpassed
the Zacks Consensus Estimate of $0.50. The year-over-year
increase was primarily attributable to higher production sales,
prices, gathered volumes, and transmission capacity sales and
throughput. Looking forward it's natural gas liquids sales volume
is expected to be 97 billion cubic feet equivalent (Bcfe) for the
fourth quarter and 366 Bcfe for the full year, approximately 42%
higher than 2012. The company earlier managed to post positive
earnings surprises in all of the last four quarters, with an
average beat of +15.21%.
However, a number of negatives are likely to mar the overall
results of EQT Corporation in the fourth quarter. The company's
high exposure to volatile natural gas fundamentals and weak
commodity prices might result in lower-than-expected performance.
EQT Corporation also has various multilateral drilling programs
across its oil and gas fields that face operational headwinds
such as rising service costs, completion delays and equipment
Our proven model does not conclusively show that EQT Corporation
is likely to beat earnings this quarter. That is because a stock
needs to have both a positive
and a Zacks Rank of #1, 2 or 3 for this to happen. That is not
the case here as you will see below.
Zacks ESP: The earnings ESP for EQT Corporation is -1.52% since
the Most Accurate estimate stands at 65 cents while the Zacks
Consensus Estimate is 66 cents.
Zacks Rank: EQT Corporation's Zacks Rank #2 (Buy) when combined
with a negative ESP makes surprise prediction difficult. Note
that the Sell-rated stocks (#4 and 5) should never be considered
going into an earnings announcement.
Other Stocks to Consider
Here are other companies you may want to consider as our model
shows that these have the right combination of elements to post
an earnings beat this quarter:
Penn Virginia Corporation
) has an earnings ESP of +20.00% and holds a Zacks Rank #2.
Breitburn Energy Partners L.P.
) has an earnings ESP of +3.57% and holds a Zacks Rank #2.
Anadarko Petroleum Corporation
) has an earnings ESP of +0.80% and holds a Zacks Rank #3 (Hold).