EQT Corporation (EQT) Earnings Expected to Grow: Should You Buy?

EQT Corporation is projected to report Q2 2025 earnings of $0.46 per share, a 675% year-over-year increase, on revenues of $1.81 billion, up 53%. While consensus EPS estimates have seen a slight upward revision recently and EQT has beaten expectations for the past four consecutive quarters, its current Zacks Earnings ESP is negative (-3.48%). This, combined with a Zacks Rank #3, suggests EQT is not a strong candidate for an earnings beat when it reports on July 22, prompting investors to consider broader factors beyond just the earnings surprise model.

Analysis

EQT Corporation is approaching its Q2 2025 earnings report with exceptionally high year-over-year growth expectations, including a consensus forecast for a 675% increase in earnings to $0.46 per share and a 53% rise in revenue to $1.81 billion. While the consensus EPS estimate has seen a marginal upward revision of 0.13% over the past month, more recent analyst sentiment appears to be turning bearish. This is evidenced by a negative Zacks Earnings ESP of -3.48%, which indicates that the most recent analyst estimates are lower than the broader consensus. This negative near-term signal creates a notable conflict with EQT's strong track record of having beaten consensus EPS estimates for the past four consecutive quarters, including a significant 15.69% positive surprise in the prior quarter. The combination of a Zacks Rank #3 (Hold) and the negative ESP makes it difficult to predict an earnings beat with confidence, suggesting a heightened level of uncertainty for the upcoming release on July 22.

Key Decisions for Investors

• Given the negative Earnings ESP of -3.48%, investors should be cautious, as this leading indicator suggests EQT is not a compelling candidate to beat earnings expectations, despite the strong headline growth forecasts.
• Pay close attention to management's guidance on the earnings call, as forward-looking statements on business conditions will likely be more influential on the stock's sustainable direction than the headline EPS number itself.
• Traders should weigh the company's strong four-quarter history of positive earnings surprises against the more recent bearish analyst revisions, recognizing that past performance may not be repeated this quarter.