3 Energy Stocks Generating Trader Action Before Earnings

Chesapeake Energy Corp (NYSE:CHK) will unveil its latest earnings on Tuesday, May 1, 2012. The average estimate of analysts is for net income of 30 cents per share, a decline of 60% 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 46 cents. Between one and three months ago, the average estimate moved down. It also has dropped from 35 cents during the last month. For the year, analysts are projecting profit of $1.50 per share, a decline of 46.4% from last year.

The company met estimates last quarter after beating the forecasts in the prior two. In the fourth quarter of the last fiscal year, the company reported net income of 58 cents per share versus a mean estimate of profit of 58 cents per share. In the third quarter of the last fiscal year, the company beat estimates by 7 cents. On average, analysts predict $2.78 billion in revenue this quarter, a rise of 72.7% from the year-ago quarter. Analysts are forecasting total revenue of $11.91 billion for the year, a rise of 2.3% from last year’s revenue of $11.64 billion.

Arch Coal, Inc. (NYSE:ACI) will unveil its latest earnings on Tuesday, May 1, 2012. The average analyst estimate is for profit of 17 cents per share, a decline of 52.8% from the company’s actual earnings for the year-ago quarter. During the past three months, the average estimate has moved down from 50 cents. Between one and three months ago, the average estimate moved down. It also has dropped from 21 cents during the last month. Analysts are projecting profit to rise by 41.1% compared to last year’s 63 cents.

For the past three quarters, the company’s quarterly results have come in below analyst’s expectations. Last quarter, the company reported net income of 29 cents per share versus a mean estimate of profit of 31 cents per share. Analysts predict a rise of 28.3% in revenue from the year-earlier quarter to $1.12 billion.

Valero Energy Corporation (NYSE:VLO) will unveil its latest earnings on Tuesday, May 1, 2012. The average estimate of analysts is for profit of 30 cents per share, a decline of 62.5% 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 44 cents. Between one and three months ago, the average estimate moved up. It has dropped from 55 cents during the last month. Analysts are projecting profit to rise by 9.5% compared to last year’s $3.63.

The company is looking to make a streak of three quarters of beating estimates. Last quarter, it beat expectations by reporting net loss of 21 cents per share, and the previous quarter, it had net income of $2.11. Analysts predict a rise of 1.9% in revenue from the year-earlier quarter to $26.81 billion.