Cabot Oil & Gas Corp Fourth Quarter Earnings Sneak Peek

S&P 500 (NYSE:SPY) component Cabot Oil & Gas Corporation (NYSE:COG) will unveil its latest earnings on Monday, February 20, 2012. Cabot Oil & Gas is an independent company engaged in the development, exploitation, and exploration of oil and gas properties in North America.

Cabot Oil & Gas Corporation Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for net income of 14 cents per share, a rise of 55.6% 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 17 cents. Between one and three months ago, the average estimate moved down. It also has dropped from 15 cents during the last month. Analysts are projecting profit to rise by 18.4% versus last year to 58 cents.

Past Earnings Performance: The company missed estimates last quarter after beating forecasts in the prior two. In the third quarter, the company reported profit of 14 cents per share versus a mean estimate of net income of 17 cents per share. In the second quarter, the company beat estimates by 3 cents.

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Wall St. Revenue Expectations: Analysts predict a rise of 22.2% in revenue from the year-earlier quarter to $265.1 million.

Analyst Ratings: Analysts seem relatively indifferent about Cabot Oil & Gas with nine of 17 analysts surveyed maintaining a hold rating.

A Look Back: In the third quarter, profit rose more than sevenfold to $28.5 million (14 cents a share) from $3.9 million (2 cents a share) the year earlier, but fell short analyst expectations. Revenue rose 19.6% to $262.1 million from $219.1 million.

Key Stats:

The company has seen its net income incraese in the last two quarters. In the second quarter, profit rose more than twofold.

The company’s revenue has risen for two straight quarters. In the second quarter, the figure rose 23.1%.

Stock Price Performance: Between November 16, 2011 and February 14, 2012, the stock price fell $7.56 (-17.8%), from $42.57 to $35.01. The stock price saw one of its best stretches over the last year between March 10, 2011 and March 21, 2011, when shares rose for eight straight days, increasing 14.9% (+$3.20) over that span. It saw one of its worst periods between January 5, 2012 and January 17, 2012 when shares fell for eight straight days, dropping 19.7% (-$8.15) 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

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