2 Key Energy Stocks Ready Investors for Earnings Releases

Progress Energy, Inc. (NYSE:PGN) will unveil its latest earnings on Thursday, February 16, 2012. The average estimate of analysts is for profit of 52 cents per share, a rise of 15.6% from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved up from 51 cents. Between one and three months ago, the average estimate moved up. It has been unchanged at 52 cents during the last month. Analysts are projecting profit to rise by 1.3% versus last year to $3.10.

Last quarter, the company missed estimates by 8 cents, coming in at net income of $1.16 per share versus a mean estimate of profit of $1.24 per share. In the second quarter, the company beat estimates by 8 cents. Analysts are projecting a rise of 2.2% in revenue from the year-earlier quarter to $2.37 billion.

Competitors to Watch: Duke Energy Corporation (NYSE:DUK), The Southern Company (NYSE:SO), TECO Energy, Inc. (NYSE:TE), SCANA Corporation (NYSE:SCG), Dominion Resources, Inc. (NYSE:D), American Electric Power Co., Inc. (NYSE:AEP), Northeast Utilities System (NYSE:NU), Entergy Corporation (NYSE:ETR), NextEra Energy, Inc. (NYSE:NEE), and FirstEnergy Corp. (NYSE:FE).

Duke Energy Corp (NYSE:DUK) will unveil its latest earnings on Thursday, February 16, 2012. The average estimate of analysts is for profit of 21 cents per share, no change from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved down from 22 cents. Between one and three months ago, the average estimate moved down. It has been unchanged at 21 cents during the last month. For the year, analysts are projecting net income of $1.41 per share, a decline of 1.4% from last year.

Last quarter, the company reported profit of 50 cents per share versus a mean estimate of net income of. The company has beaten estimates for the past three quarters. On average, analysts predict $3.37 billion in revenue this quarter, a decline of 2% from the year-ago quarter. Analysts are forecasting total revenue of $14.35 billion for the year, a rise of 0.6% from last year’s revenue of $14.27 billion.

Competitors to Watch: American Electric Power Co., Inc. (NYSE:AEP), Progress Energy, Inc. (NYSE:PGN), DPL Inc. (NYSE:DPL), The Southern Company (NYSE:SO), PPL Corporation (NYSE:PPL), SCANA Corporation (NYSE:SCG), TECO Energy, Inc. (NYSE:TE), FirstEnergy Corp. (NYSE:FE), ALLETE, Inc. (NYSE:ALE), and Dominion Resources, Inc. (NYSE:D).

To contact the reporter on this story: Derek Hoffman at staff.writers@wallstcheatsheet.com

To contact the editor responsible for this story: Damien Hoffman at editors@wallstcheatsheet.com