Hess Fourth Quarter Earnings Sneak Peek

S&P 500 (NYSE:SPY) component Hess (NYSE:HES) will unveil its latest earnings tomorrow, Wednesday, January 30, 2013. Hess is a global integrated energy company that explores and refines crude oil and natural gas.

Hess Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average analyst estimate is for profit of $1.28 per share, a rise of 9.4% from the company’s actual earnings for the year-ago quarter. During the past three months, the average estimate has moved down from $1.47. Between one and three months ago, the average estimate moved down. It also has dropped from $1.40 during the last month. Analysts are projecting profit to rise by 1.7% compared to last year’s $5.98.

Past Earnings Performance: The company fell short of estimates last quarter after topping forecasts the quarter prior. In the third quarter, it reported a loss of 6 cents per share against a mean estimate of $1.19. Two quarters ago, it beat expectations by 23 cents with net income of $1.61.

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A Look Back: In the third quarter, profit rose 86.9% to $557 million ($1.64 a share) from $298 million (88 cents a share) the year earlier, but fell short analyst expectations. Revenue rose 9.8% to $9.62 billion from $8.76 billion.

Here’s how Hess Corp traded following its last earnings report 3 months ago and leading up to its upcoming earnings report this week: