Chevron and 2 Energy Stocks on Trading Radars Before Earnings

Chevron Corp (NYSE:CVX) will unveil its latest earnings on Friday, January 27, 2012. The average estimate of analysts is for net income of $2.91 per share, a rise of 15.5% 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 $3.13. Between one and three months ago, the average estimate moved up. It has dropped from $3.27 during the last month. Analysts are projecting profit to rise by 42.9% versus last year to $13.50.

The company has beaten estimates the last four quarters and is coming off a quarter where it topped forecasts by 50 cents, reporting profit of $3.92 per share against a mean estimate of net income of $3.42 per share. On average, analysts predict $71.08 billion in revenue this quarter, a rise of 37.1% from the year ago quarter. Analysts are forecasting total revenue of $248.74 billion for the year, a rise of 25.5% from last year’s revenue of $198.2 billion.

Competitors to Watch: Exxon Mobil Corporation (NYSE:XOM), BP plc (NYSE:BP), ConocoPhillips (NYSE:COP), Marathon Oil Corporation (NYSE:MRO), TOTAL S.A. (NYSE:TOT), Hess Corp. (NYSE:HES), Suncor Energy Inc. (NYSE:SU) and Valero Energy Corporation (NYSE:VLO).

Dominion Resources, Inc. (NYSE:D) will unveil its latest earnings on Friday, January 27, 2012. The average estimate of analysts is for profit of 65 cents per share, a rise of 3.2% from the company’s actual earnings for the same quarter a year ago. The average estimate is the same as three months ago. Between one and three months ago, the average estimate moved down. It has risen from 64 cents during the last month. For the year, analysts are projecting net income of $3.12 per share, a decline of 6.6% from last year.

The company topped forecasts last quarter after being in line with estimates the quarter prior. In the third quarter, it reported profit of 95 cents per share versus a mean estimate of 94 cents. Two quarters ago, it reported net income of 59 cents per share. Analysts are projecting a rise of 7.2% in revenue from the year-earlier quarter to $4.02 billion.

Competitors to Watch: Integrys Energy Group, Inc. (NYSE:TEG), CenterPoint Energy, Inc. (NYSE:CNP), SCANA Corporation (NYSE:SCG), CMS Energy Corporation (NYSE:CMS), DTE Energy Company (NYSE:DTE), Ameren Corporation (NYSE:AEE), NiSource Inc. (NYSE:NI), Wisconsin Energy Corp. (NYSE:WEC), Sempra Energy (NYSE:SRE), and Avista Corporation (NYSE:AVA).

NextEra Energy, Inc. (NYSE:NEE) will unveil its latest earnings on Friday, January 27, 2012. The average estimate of analysts is for profit of 92 cents per share, a rise of 15% 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 90 cents. Between one and three months ago, the average estimate moved up. It has dropped from 93 cents during the last month. Analysts are projecting profit to rise by 2.1% versus last year to $4.39.

Last quarter, the company fell short of estimates by 9 cents, coming in at net income of $1.31 per share against a mean estimate of profit of $1.43. The company topped expectations in the second quarter. On average, analysts predict $3.75 billion in revenue this quarter, a rise of 10% from the year ago quarter. Analysts are forecasting total revenue of $15.53 billion for the year, a rise of 1.4% from last year’s revenue of $15.32 billion.

Competitors to Watch: Exelon Corporation (NYSE:EXC), El Paso Electric Company (NYSE:EE), Entergy Corporation (NYSE:ETR), The Southern Company (NYSE:SO), FirstEnergy Corp. (NYSE:FE), PPL Corporation (NYSE:PPL), Pepco Holdings, Inc. (NYSE:POM), American Electric Power Co., Inc. (NYSE:AEP), Northeast Utilities System (NYSE:NU), and Constellation Energy Group, Inc. (NYSE:CEG).

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