$6.14 Billion in Sales Expected for Cheniere Energy, Inc. (NYSE:LNG) This Quarter

Brokerages forecast that Cheniere Energy, Inc. (NYSE:LNGGet Rating) will report sales of $6.14 billion for the current fiscal quarter, according to Zacks Investment Research. Three analysts have provided estimates for Cheniere Energy’s earnings. The lowest sales estimate is $5.34 billion and the highest is $7.53 billion. Cheniere Energy reported sales of $3.09 billion during the same quarter last year, which would suggest a positive year-over-year growth rate of 98.7%. The firm is expected to issue its next quarterly earnings results before the market opens on Monday, January 1st.

According to Zacks, analysts expect that Cheniere Energy will report full year sales of $24.51 billion for the current year, with estimates ranging from $21.19 billion to $30.00 billion. For the next financial year, analysts expect that the business will report sales of $21.78 billion, with estimates ranging from $18.00 billion to $28.54 billion. Zacks Investment Research’s sales calculations are an average based on a survey of research firms that follow Cheniere Energy.

Separately, StockNews.com initiated coverage on Cheniere Energy in a research note on Thursday, March 31st. They set a “hold” rating on the stock.

Shares of NYSE:LNG opened at $135.70 on Friday. The stock has a market capitalization of $34.52 billion, a PE ratio of -14.67, a price-to-earnings-growth ratio of 0.24 and a beta of 1.25. The company has a debt-to-equity ratio of 24.30, a quick ratio of 0.93 and a current ratio of 1.08. Cheniere Energy has a 1 year low of $71.90 and a 1 year high of $149.42.

About Cheniere Energy (Get Rating)

Cheniere Energy, Inc, an energy infrastructure company, primarily engages in the liquefied natural gas (LNG) related businesses in the United States. It owns and operates the Sabine Pass LNG terminal in Cameron Parish, Louisiana; and the Corpus Christi LNG terminal near Corpus Christi, Texas. The company also owns Creole Trail pipeline, a 94-mile pipeline interconnecting the Sabine Pass LNG terminal with various interstate pipelines; and operates Corpus Christi pipeline, a 21.5-mile natural gas supply pipeline that interconnects the Corpus Christi LNG terminal with various interstate and intrastate natural gas pipelines.

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