5 High Dividend Utility Stocks Jolting the Wires Before Earnings

Progress Energy, Inc. (NYSE:PGN) will unveil its latest earnings on Thursday, November 3, 2011. The average estimate of analysts is for net income of $1.23 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 $1.24. Between one and three months ago, the average estimate moved down. It has risen from $1.22 during the last month. Analysts are projecting profit to rise by 2.3% versus last year to $3.13.

The company’s quarterly results have come in above estimates for the last three quarters. Last quarter, the company booked profit of 71 cents per share versus a mean estimate of net income of 63 cents per share. On average, analysts predict $3.05 billion in revenue this quarter, a rise of 3% from the year ago quarter. Analysts are forecasting total revenue of $9.95 billion for the year, a decline of 2.4% from last year’s revenue of $10.19 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).

PPL Corp (NYSE:PPL) will unveil its latest earnings on Thursday, November 3, 2011. The average estimate of analysts is for profit of 69 cents per share, a decline of 6.8% from the company’s actual earnings for the same quarter a year ago. The average estimate is the same as three months ago. Between one and three months ago, the average estimate moved down. It has risen from 68 cents during the last month. For the year, analysts are projecting net income of $2.60 per share, a decline of 16.9% from last year.

Last quarter, the company beat estimates by one cent, coming in at profit of 45 cents a share versus the estimate of net income of 44 cents a share. It marked the fourth straight quarter of beating estimates. On average, analysts predict $2.96 billion in revenue this quarter, a rise of 35.8% from the year ago quarter. Analysts are forecasting total revenue of $11.15 billion for the year, a rise of 30.9% from last year’s revenue of $8.52 billion.

Competitors to Watch: American Electric Power Co., Inc. (NYSE:AEP), The Southern Company (NYSE:SO), Constellation Energy Group, Inc. (NYSE:CEG), Duke Energy Corporation (NYSE:DUK), FirstEnergy Corp. (NYSE:FE), NextEra Energy, Inc. (NYSE:NEE), The AES Corporation (NYSE:AES), Exelon Corporation (NYSE:EXC), Entergy Corporation (NYSE:ETR), and Portland General Electric Co. (NYSE:POR).

Sempra Energy (NYSE:SRE) will unveil its latest earnings on Thursday, November 3, 2011. The average estimate of analysts is for net income of $1.21 per share, a rise of 15.2% from the company’s actual earnings for the same quarter a year ago. The average estimate is the same as three months ago. Between one and three months ago, the average estimate was unchanged. It also has not changed during the last month. Analysts are projecting profit to rise by 7.4% versus last year to $4.22.

Last quarter, the company missed estimates by 3 cents, coming in at profit of 97 cents per share versus a mean estimate of net income of $1 per share. In the first quarter, the company beat estimates by 5 cents. On average, analysts predict $2.06 billion in revenue this quarter, a decline of 2.8% from the year ago quarter. Analysts are forecasting total revenue of $9.31 billion for the year, a rise of 3.4% from last year’s revenue of $9 billion.

Competitors to Watch: MDU Resources Group, Inc. (NYSE:MDU), PG&E Corporation (NYSE:PCG), Northwest Natural Gas (NYSE:NWN), Southwest Gas Corporation (NYSE:SWX), Energy Incorporated (AMEX:EGAS), Dominion Resources, Inc. (NYSE:D), Vectren Corporation (NYSE:VVC), and ACEGAS-APS (NYSE:AEG).

Hawaiian Electric Industries, Inc. (NYSE:HE) will unveil its latest earnings on Thursday, November 3, 2011. The average estimate of analysts is for profit of 43 cents per share, a rise of 22.9% from the company’s actual earnings for the same quarter a year ago. The average estimate is the same as three months ago. Between one and three months ago, the average estimate was unchanged. It also has not changed during the last month. Analysts are projecting profit to rise by 16.5% versus last year to $1.41.

Last quarter, the company fell short of estimates by 5 cents, coming in at net income of 28 cents a share versus the estimate of profit of 33 cents a share. It was the fourth straight quarter of missing estimates. On average, analysts predict $751.5 million in revenue this quarter, a rise of 8.2% from the year ago quarter. Analysts are forecasting total revenue of $2.8 billion for the year, a rise of 5.3% from last year’s revenue of $2.66 billion.

Competitors to Watch: Edison International (NYSE:EIX), Portland General Electric Co. (NYSE:POR), PG&E Corporation (NYSE:PCG), IDACORP, Inc. (NYSE:IDA), NV Energy, Inc. (NYSE:NVE), UniSource Energy Corp. (NYSE:UNS), PNM Resources, Inc. (NYSE:PNM), Pinnacle West Capital Corp. (NYSE:PNW), and The AES Corporation (NYSE:AES).

Duke Energy Corp (NYSE:DUK) will unveil its latest earnings on Thursday, November 3, 2011. The average estimate of analysts is for net income of 47 cents per share, a decline of 7.8% from the company’s actual earnings for the same quarter a year ago. The average estimate is the same as three months ago. Between one and three months ago, the average estimate moved down. It has risen from 46 cents during the last month. For the year, analysts are projecting profit of $1.38 per share, a decline of 3.5% from last year.

The company has beaten estimates the last two quarters and is coming off a quarter where it topped the forecasts by 3 cents, reporting net income of 33 cents per share against a mean estimate of profit of 30 cents. In the first quarter, the company exceeded forecasts by 4 cents with net income of 39 cents versus a mean estimate of profit of 35 cents. Analysts are projecting a rise of 2.8% in revenue from the year-earlier quarter to $4.06 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).