Analysts on Wall Street project that Cheniere Energy (LNG) will announce quarterly earnings of $2.69 per share in its forthcoming report, representing a decline of 53.3% year over year. Revenues are projected to reach $4.41 billion, declining 8.7% from the same quarter last year.

Over the last 30 days, there has been an upward revision of 0.1% in the consensus EPS estimate for the quarter, leading to its current level. This signifies the covering analysts' collective reconsideration of their initial forecasts over the course of this timeframe.

Prior to a company's earnings announcement, it is crucial to consider revisions to earnings estimates. This serves as a significant indicator for predicting potential investor actions regarding the stock. Empirical research has consistently demonstrated a robust correlation between trends in earnings estimate revision and the short-term price performance of a stock.

While investors typically rely on consensus earnings and revenue estimates to gauge how the business may have fared during the quarter, examining analysts' projections for some of the company's key metrics often helps gain a deeper insight.

Given this perspective, it's time to examine the average forecasts of specific Cheniere Energy metrics that are routinely monitored and predicted by Wall Street analysts.

The average prediction of analysts places 'Revenues- LNG' at $4.22 billion. The estimate indicates a year-over-year change of -8%.

It is projected by analysts that the 'Revenues- Other' will reach $154.57 million. The estimate suggests a change of -24.2% year over year.

The consensus estimate for 'Revenues- Regasification' stands at $33.67 million. The estimate indicates a year-over-year change of -1%.

View all Key Company Metrics for Cheniere Energy here>>>

Cheniere Energy shares have witnessed a change of -15.5% in the past month, in contrast to the Zacks S&P 500 composite's +4.7% move. With a Zacks Rank #3 (Hold), LNG is expected closely follow the overall market performance in the near term. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>

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