Anadarko Petroleum Corp First Quarter Earnings Sneak Peek

S&P 500 (NYSE:SPY) component Anadarko Petroleum Corp (NYSE:APC) will unveil its latest earnings on Monday, April 30, 2012. Anadarko Petroleum is engaged in the exploration and production of oil and natural gas.

Anadarko Petroleum Corp Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for profit of 83 cents per share, a rise of 13.7% 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 64 cents. Between one and three months ago, the average estimate moved up. It has risen from 79 cents during the last month. Analysts are projecting profit to rise by 18.9% versus last year to $4.02.

Last quarter, the company came in at net income of 85 cents per share against a mean estimate of profit of 60 cents per share, beating estimates after missing them in the previous quarter. In the third quarter of the last fiscal year, it missed forecasts by one cent.

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Wall St. Revenue Expectations: Analysts are projecting a rise of 5.2% in revenue from the year-earlier quarter to $3.42 billion.

Analyst Ratings: Analysts are optimistic about this stock, with 20 analysts rating it as a buy, none rating it as a sell and four rating it as a hold.

Key Stats:

On the top line, the company is looking to build on four-straight revenue increases heading into this earnings announcement. Revenue rose 3.9% in the first quarter of the last fiscal year, 43.4% in the second quarter of the last fiscal year and 34.5% in the third quarter of the last fiscal year before increasing again in the fourth quarter of the last fiscal year of the last fiscal year.

Stock Price Performance: Between February 27, 2012 and April 24, 2012, the stock price had fallen $14.34 (-16.6%), from $86.43 to $72.09. The stock price saw one of its best stretches over the last year between December 28, 2011 and January 5, 2012, when shares rose for six straight days, increasing 6.9% (+$5.18) over that span. It saw one of its worst periods between August 1, 2011 and August 8, 2011 when shares fell for six straight days, dropping 22.6% (-$18.67) over that span.

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

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