Market Reactions To Cheniere Energy, Inc. (LNG) Earnings Update

35 days have passed by since the last earnings report for Cheniere Energy, Inc. (NYSE:LNG) and the new quarterly results look set to arrive in 49 days. The shares of LNG at the moment are trading at a volume of 1.27 million, which compares with its normal daily standard volume of 1763629 shares. This has led to the shares of the company declining by -0.33%, currently exchanging hands at $63.71 a share. LNG stock has been up by $7.32 (-10.31%) ever since it reached its 52-week high of $71.03 back in October 02, 2018. It has progressed above its 50-day moving average of $61.88 and is up 5.48% over the past week. The stock has added 1.6% since the last one arrived so the question here is that will the upbeat trend in that time frame continue leading up to its next earnings release, or is the LNG share price due for a correction?

Cheniere Energy, Inc. (LNG) Forecasts And Latest Quarter Earnings

Ahead of their fiscal third-quarter to be released on Thursday, Oct 31, 2019, 14 analysts who are covering the company are estimating that it will record a profit of $0.2 per share, with analysts having different outlooks from -$0.31 to $0.84. The current agreed outlook, when compared to the profit recorded last year, is at $0.26 a share, thus a decrease of -23.08% is expected. The profit view for a complete financial year for Cheniere Energy, Inc. is expected to be around $1.53 in current year, a growth of nearly -19.47% from last year which was $1.9.

Analyzing The Earnings History Of Cheniere Energy, Inc. (NYSE:LNG)

In the past few years, the LNG stock has been known to miss the Wall Street’s earnings projection. The company missed 66% of the time, according to the data pulled on their earnings, was able to meet predictions on 0 occasions and topped expectations 4 times. Looking at the past trend, the price of Cheniere Energy, Inc. shares had sank following the release of their earnings in 11 of the last 20 quarters.

Looking back, here is how Cheniere Energy, Inc. (LNG) stock reacted to earnings misses and beats. It gave investors reason to be bullish with the price going down after 1 of the last four earnings reports. The shares of Cheniere Energy, Inc. recorded 2.97%, 1.77%, -1.7% and 2.74%, respectively, on the first day of past earnings releases. After a week of earnings reports, the changes were -2.41%, 4.98%, 0.57% and -4.93%. Their post-earnings price movements have resulted in an average increase of 1.45% and an average decrease of -0.45% in Cheniere Energy, Inc. on next day and 7th day, sequentially. LNG’s one month stock performance led to its shares rising by 4.02% with a return of -1.51% witnessed over the last 52 weeks.

Cheniere Energy, Inc. (LNG) Post Earnings Announcement Drift (PEAD)

Back on August 08, 2019, Cheniere Energy, Inc. (NYSE:LNG) released its Q2 results, in which it recorded a loss of -$0.44 that fell short of consensus estimates of $0.21. After the earnings were reported, the price of LNG stock kicked off the session at $61.13 and remained in a range of $61.13 to $63.39 on the first day. The shares were priced at $62.81 at the close with a total volume of shares being 3140496.

On May 09, 2019, the Q1 earnings report was disclosed with EPS of $0.54. This was above the estimation of $0.27 per share. The stock price range of LNG was between $62.9 and $65.17 on the first-day post announcement, after opening the day at $60.01. The session came to close at $64.97 and there was a total volume of 3685178 shares.

February 26, 2019 was the day when its Q4 results were unveiled. The earnings came in at $0.25, missing the projected $0.27 per share. The very next day, LNG stock opened at $63.3 while staying in a range of $64.34 to $66.75. At the end, it moved to $63.53 a total volume of shares been 2779719.

In the year-ago Q3 earnings on November 08, 2018, the company saw profit per share of $0.26. That was better than the $0.21 analysts had expected. Cheniere Energy, Inc. share price started at $62.51 on the first full trading day post-earning and then exchanged hands between $62.55 and $66.04 throughout the session. The closing price of $63.39 came on the back of 4634607 shares in volume.