3 Utilities Stocks on Trading Radars Ahead of Earnings

Edison International (NYSE:EIX) will unveil its latest earnings on Wednesday, May 2, 2012. The average analyst estimate is for net income of 46 cents per share, a decline of 25.8% from the company’s actual earnings for the year-ago quarter. During the past three months, the average estimate has moved up from 43 cents. Between one and three months ago, the average estimate moved up. It has dropped from 50 cents during the last month. Analysts are projecting profit to rise by 26.1% versus last year to $2.38.

The company’s quarterly results have come in above estimates for the last three quarters. Last quarter, the company booked profit of 75 cents per share versus a mean estimate of net income of 45 cents per share. Analysts are projecting a rise of 9.7% in revenue from the year-earlier quarter to $3.05 billion.

Public Service Enterprise Group Inc. (NYSE:PEG) will unveil its latest earnings on Wednesday, May 2, 2012. The average estimate of analysts is for profit of 67 cents per share, a decline of 21.2% 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 68 cents. Between one and three months ago, the average estimate moved down. It has been unchanged at 67 cents during the last month. Analysts are projecting profit to rise by 14.2% versus last year to $2.35.

The company has beaten estimates the last four quarters and is coming off a quarter where it topped forecasts by one cent, reporting net income of 47 cents per share against a mean estimate of profit of 46 cents per share. Analysts are projecting a decline of 5.1% in revenue from the year-earlier quarter to $3.18 billion.

Integrys Energy Group, Inc. (NYSE:TEG) will unveil its latest earnings on Wednesday, May 2, 2012. The average estimate of analysts is for net income of $1.57 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 $1.62. Between one and three months ago, the average estimate moved down. It has been unchanged at $1.57 during the last month. Analysts are projecting profit to rise by 2.4% compared to last year’s $3.46.

The company topped forecasts last quarter after being in line with estimates the quarter prior. In the fourth quarter of the last fiscal year, it reported profit of $1.01 per share versus a mean estimate of 97 cents. Two quarters ago, it reported net income of 43 cents per share. On average, analysts predict $1.72 billion in revenue this quarter, a rise of 5.5% from the year-ago quarter. Analysts are forecasting total revenue of $5.06 billion for the year, a rise of 7.4% from last year’s revenue of $4.71 billion.