Cheniere Energy (LNG) outperformed the market, but analyst estimates show declines in earnings and revenue

From Nasdaq: 2024-04-05 18:15:19

Cheniere Energy (LNG) closed at $156.76, up 1.12% from the previous day. It outperformed S&P 500 and Dow, with Nasdaq also gaining. The stock rose 0.53% in the past month, trailing the Oils-Energy sector. Expectations for upcoming earnings report show a projected EPS of $2.30, 66.62% lower than last year, and revenue of $4.13 billion.

Analyst estimates for LNG reflect expected declines in earnings and revenue for the year. Recent changes in analyst estimates for Cheniere Energy can influence short-term stock movements. The Zacks Rank system can help investors navigate these changes, with an average annual return of +25% for the #1 ranked stocks since 1988. Current Zacks Rank for LNG is #3 (Hold).

Cheniere Energy is trading at a Forward P/E ratio of 17.43, higher than the industry average. It also has a PEG ratio of 0.68, lower than the industry’s average PEG ratio of 1.7. The Oils-Energy sector ranks in the bottom 17% of industries based on the Zacks Industry Rank of 210. Investors can monitor stock metrics on Zacks.com for more insights.

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Read more at Nasdaq: Cheniere Energy (LNG) Beats Stock Market Upswing: What Investors Need to Know