AGL Resources, Inc. First Quarter Earnings Sneak Peek

S&P 500 (NYSE:SPY) component AGL Resources, Inc. (NYSE:GAS) will unveil its latest earnings on Tuesday, May 1, 2012. Nicor is a holding company which serves 2.2 million customers in most of the northern third of Illinois.

AGL Resources, Inc. Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average analyst estimate is for net income of $1.34 per share, a decline of 17.8% from the company’s actual earnings for the year-ago quarter. During the past three months, the average estimate has moved down from $1.42. Between one and three months ago, the average estimate moved down. It also has dropped from $1.37 during the last month. Analysts are projecting profit to rise by 3.8% compared to last year’s $2.81.

Past Earnings Performance: Last quarter, the company missed estimates by 5 cents, coming in at profit of 87 cents per share versus a mean estimate of net income of 92 cents per share. In the third quarter of the last fiscal year, the company beat estimates by 2 cents.

Investing Insights: What’s the Future of Microsoft’s Stock?

Wall St. Revenue Expectations: Analysts are projecting a rise of 19.9% in revenue from the year-earlier quarter to $886 million.

Analyst Ratings: Analysts seem relatively indifferent about AGL Resources with five of seven analysts surveyed maintaining a hold rating.

A Look Back: In the fourth quarter of the last fiscal year, profit fell 48.4% to $33 million (34 cents a share) from $64 million (81 cents a share) the year earlier, missing analyst expectations. Revenue rose 18.8% to $790 million from $665 million.

Key Stats:

On the top line, the company is hoping to build on a revenue increase last quarter. Revenue fell 14.7% in the third quarter of the last fiscal year after increasing in the fourth quarter of the last fiscal year of the last fiscal year.

Stock Price Performance: Between January 30, 2012 and April 25, 2012, the stock price fell $2.04 (-5%), from $40.97 to $38.93. It saw one of its worst periods between April 2, 2012 and April 11, 2012 when shares fell for seven straight days, dropping 3.8% (-$1.51) over that span. The stock price saw one of its best stretches over the last year between June 23, 2011 and July 7, 2011, when shares rose for 10 straight days, increasing 6.5% (+$2.54) over that span.

(Company fundamentals by Xignite Financials. Earnings estimates provided by Zacks)

Don’t Miss These Additional Hot Stories:

The Procter & Gamble Company Third Quarter Earnings Sneak Peek>>

Apple Pounds Critics into Applesauce>>

Gold & Silver: Ben Bernanke Overshadows FOMC Minutes>>