Apache Corp Fourth Quarter Earnings Sneak Peek

S&P 500 (NYSE:SPY) component Apache Corp (NYSE:APA) will unveil its latest earnings on Thursday, February 16, 2012. Apache is an energy company that explores for, develops, and produces natural gas, crude oil, and natural gas liquids in six countries.

Apache Corp Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for net income of $2.87 per share, a rise of 31.1% 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 $2.67. Between one and three months ago, the average estimate moved up. It has risen from $2.78 during the last month. For the year, analysts are projecting profit of $11.82 per share, a rise of 32.5% from last year.

Past Earnings Performance: The company’s quarterly results have come in above estimates for the last three quarters. Last quarter, the company booked net income of $2.95 per share versus a mean estimate of profit of $2.82 per share.

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Wall St. Revenue Expectations: On average, analysts predict $4.29 billion in revenue this quarter, a rise of 25.1% from the year-ago quarter. Analysts are forecasting total revenue of $16.77 billion for the year, a rise of 38.7% from last year’s revenue of $12.09 billion.

Analyst Ratings: Analysts are optimistic about this stock, with 17 analysts rating it as a buy, none rating it as a sell and four rating it as a hold.

A Look Back: In the third quarter, profit rose 28.7% to $1 billion ($2.50 a share) from $778.3 million ($2.12 a share) the year earlier, exceeding analyst expectations. Revenue rose 43.7% to $4.33 billion from $3.01 billion.

Key Stats:

The company has enjoyed double-digit year-over-year percentage revenue growth for the past four quarters. Over that span, the company has averaged growth of 42.7%, with the biggest boost coming in the first quarter when revenue rose 46.8% from the year earlier quarter.

The company’s net income rise has increased in each of the last three quarters. Net income rose 46.4% in the second quarter and 60.9% in the first quarter.

Stock Price Performance: Between December 13, 2011 and February 10, 2012, the stock price had risen $12.95 (14%), from $92.18 to $105.13. The stock price saw one of its best stretches over the last year between January 26, 2012 and February 9, 2012, when shares rose for 11 straight days, increasing 9% (+$8.77) over that span. It saw one of its worst periods between September 16, 2011 and September 23, 2011 when shares fell for six straight days, dropping 15.8% (-$15.42) over that span.

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

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