AGL Resources Inc. Fourth Quarter Earnings Sneak Peek

S&P 500 (NYSE:SPY) component AGL Resources, Inc. (NYSE:GAS) will unveil its latest earnings on Wednesday, February 22, 2012. Nicor is a holding company which serves 2.2 million customers in most of the northern third of Illinois.

AGL Resources, Inc. Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for profit of 92 cents per share, a rise of 7% 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 91 cents. Between one and three months ago, the average estimate moved up. It has dropped from 93 cents during the last month. Analysts are projecting profit to rise by 3.9% compared to last year’s $2.93.

Past Earnings Performance: The company is looking to beat analyst estimates for the third quarter in a row. Last quarter, it beat estimates with net income of 2 cents per share against the mean estimate of 0 cents. In the prior quarter, the company reported profit of 33 cents.

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Wall St. Revenue Expectations: On average, analysts predict $886 million in revenue this quarter, a rise of 19.9% from the year-ago quarter. Analysts are forecasting total revenue of $2.71 billion for the year, no change from last year’s revenue of $2.71 billion.

Analyst Ratings: Analysts seem relatively indifferent about AGL Resources with five of seven analysts surveyed maintaining a hold rating.

A Look Back: In the third quarter, the company swung to a loss of $3 million (4 cents a share) from a profit of $22 million (29 cents) a year earlier, but beat analyst expectations. Revenue fell 14.7% to $295 million from $346 million.

Key Stats:

AGL Resources reported a loss in the last quarter, which followed three quarters of profit. The company reported a profit of $18 million in the second quarter, a profit of $124 million in the first and a profit of $64 million in the fourth quarter of the last fiscal year.

Revenue fell in the third quarter after seeing a rise the quarter before. In the second quarter, revenue rose 4.5%.

Stock Price Performance: Between December 19, 2011 and February 16, 2012, the stock price had risen $1.17 (2.9%), from $40.05 to $41.22. It saw one of its worst periods between July 21, 2011 and July 29, 2011 when shares fell for seven straight days, dropping 3.2% (-$1.33) over that span. The stock price saw one of its best stretches over the last year between June 23, 2011 and July 7, 2011, when shares rose for 10 straight days, increasing 6.5% (+$2.54) over that span.

(Company fundamentals by Xignite Financials. Earnings estimates provided by Zacks)

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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