Chesapeake Energy Corp Fourth Quarter Earnings Sneak Peek

S&P 500 (NYSE:SPY) component Chesapeake Energy Corp (NYSE:CHK) will unveil its latest earnings on Tuesday, February 21, 2012. Chesapeake Energy is a company that explores and develops properties for the production of crude oil and natural gas from underground reservoirs.

Chesapeake Energy Corp Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for net income of 59 cents per share, a decline of 15.7% 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 62 cents. Between one and three months ago, the average estimate moved down. It also has dropped from 60 cents during the last month. For the year, analysts are projecting profit of $2.80 per share, a decline of 5.1% from last year.

Past Earnings Performance: The company has beaten estimates the last four quarters and is coming off a quarter where it topped forecasts by 7 cents, reporting net income of 72 cents per share against a mean estimate of profit of 65 cents per share.

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Wall St. Revenue Expectations: Analysts predict a rise of 53.5% in revenue from the year-earlier quarter to $3.04 billion.

Analyst Ratings: With 12 analysts rate analysts rating the stock a buy, three rate rating it as a sell, and 13 rate rating it a hold, analysts are bullish on the stock.

A Look Back: In the third quarter, profit rose 65.2% to $922 million ($1.23 a share) from $558 million (75 cents a share) the year earlier, exceeding analyst expectations. Revenue rose 54.1% to $3.98 billion from $2.58 billion.

Key Stats:

The company’s revenue has risen for two straight quarters. In the second quarter, the figure rose 64.9%.

Stock Price Performance: From January 18, 2012 to February 15, 2012, the stock price rose $1.57 (7.3%), from $21.45 to $23.02. The stock price saw one of its best stretches over the last year between September 9, 2011 and September 16, 2011, when shares rose for six straight days, increasing 4.7% (+$1.43) over that span. It saw one of its worst periods between November 11, 2011 and November 25, 2011 when shares fell for 10 straight days, dropping 15.3% (-$4.02) 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