Anadarko Petroleum Corp Third Quarter Earnings Sneak Peek

S&P 500 (NYSE:SPY) component Anadarko Petroleum Corp (NYSE:APC) will unveil its latest earnings on Monday, October 31, 2011. 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 net income of 68 cents per share, a rise of more than threefold 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 83 cents. Between one and three months ago, the average estimate moved down. It also has dropped from 76 cents during the last month. Analysts are projecting profit to rise by 78.5% versus last year to $3.23.

Past Earnings Performance: Last quarter, the company reported profit of $1.14 per share versus a mean estimate of net income of. The company has beaten estimates for the past three quarters.

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Wall St. Revenue Expectations: On average, analysts predict $3.27 billion in revenue this quarter, a rise of 28.2% from the year ago quarter. Analysts are forecasting total revenue of $13.4 billion for the year, a rise of 22% from last year’s revenue of $10.98 billion.

Analyst Ratings: Analysts are bullish on this stock with 17 analysts rating it as a buy, none rating it as a sell and six rating it as a hold.

A Look Back: In the second quarter, the company swung to a profit of $544 million ($1.08 a share) from a loss of $40 million (8 cents) a year earlier, beating analyst estimates. Revenue rose 43.4% to $3.68 billion from $2.56 billion.

Key Stats:

The company’s revenue has risen for two straight quarters. In the first quarter, the figure rose 3.9%.

Competitors to Watch: Chevron Corporation (NYSE:CVX), Devon Energy Corporation (NYSE:DVN), BP plc (NYSE:BP), ConocoPhillips (NYSE:COP), Exxon Mobil Corporation (NYSE:XOM), Chesapeake Energy Corp. (NYSE:CHK), Newfield Exploration Co. (NYSE:NFX), EOG Resources, Inc. (NYSE:EOG), Plains Exploration & Production Co. (NYSE:PXP), and Marathon Oil Corporation (NYSE:MRO).

Stock Price Performance: During September 27, 2011 to October 25, 2011, the stock price had risen $6.24 (8.8%) from $71.31 to $77.55. The stock price saw one of its best stretches over the last year between December 22, 2010 and January 3, 2011 when shares rose for eight-straight days, rising 13.1% (+$8.85) 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, falling 22.6% (-$18.71) over that span. Shares are up $1.66 (+2.2%) year to date.

(Source: Xignite Financials)

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