3 Energy Stocks in the Trading Spotlight Ahead of Earnings

Baker Hughes, Inc. (NYSE:BHI) will unveil its latest earnings on Tuesday, April 24, 2012. The average estimate of analysts is for net income of 86 cents per share, a decline of 1.1% 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 $1.30. Between one and three months ago, the average estimate moved down. It also has dropped from $1.11 during the last month. Analysts are projecting profit to rise by 6.7% versus last year to $3.92.

The company is looking to break the streak of missing estimates in the past two quarters. Last quarter, it fell short of analyst expectations by reporting profit of $1.22 per share against an estimate of net income of $1.33 per share. The quarter before that, it missed forecasts by 3 cents. On average, analysts predict $5.25 billion in revenue this quarter, a rise of 16.2% from the year-ago quarter. Analysts are forecasting total revenue of $22.05 billion for the year, a rise of 11.2% from last year’s revenue of $19.83 billion.

Nabors Industries Ltd. (NYSE:NBR) will unveil its latest earnings on Tuesday, April 24, 2012. The average estimate of analysts is for profit of 52 cents per share, a rise of 79.3% 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 53 cents. Between one and three months ago, the average estimate was unchanged. It has since dropped over the last month. Analysts are projecting profit to rise by 36.6% versus last year to $2.20.

The company has beaten estimates the last two quarters and is coming off a quarter where it topped the forecasts by 2 cents, reporting net income of 52 cents per share against a mean estimate of profit of 50 cents. In the third quarter of the last fiscal year, the company exceeded forecasts by 4 cents with net income of 44 cents versus a mean estimate of profit of 40 cents. Analysts are projecting a rise of 27.7% in revenue from the year-earlier quarter to $1.8 billion.

FMC Technologies, Inc. (NYSE:FTI) will unveil its latest earnings on Tuesday, April 24, 2012. The average estimate of analysts is for profit of 44 cents per share, a rise of 37.5% 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 51 cents. Between one and three months ago, the average estimate moved down. It also has dropped from 45 cents during the last month. Analysts are projecting profit to rise by 35.4% versus last year to $2.18.

The company fell short of estimates last quarter after topping forecasts the quarter prior. In the fourth quarter of the last fiscal year, it reported net income of 41 cents per share against a mean estimate of 51 cents. Two quarters ago, it beat expectations by 3 cents with profit of 50 cents. On average, analysts predict $1.4 billion in revenue this quarter, a rise of 29.6% from the year-ago quarter. Analysts are forecasting total revenue of $6.16 billion for the year, a rise of 20.8% from last year’s revenue of $5.1 billion.