Tellurian Inc. (TELL) closed the most recent trading day at $4.11, moving -0.96% from the previous trading session. This move was narrower than the S&P 500’s daily loss of 2.91%. Meanwhile, the Dow lost 2.73%, and the Nasdaq, a tech-heavy index, lost 0.25%.
Prior to today’s trading, shares of the company had gained 7.24% over the past month. This has lagged the Oils-Energy sector’s gain of 16.13% and outpaced the S&P 500’s gain of 0.84% in that time.
Wall Street will be looking for positivity from Tellurian Inc. as it approaches its next earnings report date. On that day, Tellurian Inc. is projected to report earnings of -$0.03 per share, which would represent year-over-year growth of 62.5%. Meanwhile, our latest consensus estimate is calling for revenue of $34.45 million, up 35.91% from the prior-year quarter.
For the full year, our Zacks Consensus Estimates are projecting earnings of -$0.14 per share and revenue of $488.22 million, which would represent changes of +50% and +584.98%, respectively, from the prior year.
Investors might also notice recent changes to analyst estimates for Tellurian Inc.These revisions help to show the ever-changing nature of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company’s business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. The Zacks Consensus EPS estimate has moved 132.76% lower within the past month. Tellurian Inc. is currently sporting a Zacks Rank of #3 (Hold).
The Oil and Gas – Refining and Marketing industry is part of the Oils-Energy sector. This group has a Zacks Industry Rank of 6, putting it in the top 3% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow TELL in the coming trading sessions, be sure to utilize Zacks.com.
Just Released: Zacks Top 10 Stocks for 2022
In addition to the investment ideas discussed above, would you like to know about our 10 top picks for the entirety of 2022?
From inception in 2012 through 2021, the
Zacks Top 10 Stocks
portfolios gained an impressive +1,001.2% versus the S&P 500’s +348.7%. Now our Director of Research has combed through 4,000 companies covered by the Zacks Rank and has handpicked the best 10 tickers to buy and hold. Don’t miss your chance to get in…because the sooner you do, the more upside you stand to grab.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days.
Click to get this free report