ConocoPhillips Fourth Quarter Earnings Sneak Peek

S&P 500 (NYSE:SPY) component ConocoPhillips (NYSE:COP) will unveil its latest earnings on Wednesday, January 25, 2012. An international energy company, ConocoPhillips operates under six segments: exploration and production, midstream, refining and marketing, LUKOIL investment, chemicals, and emerging businesses.

ConocoPhillips Earnings Preview Cheat Sheet.

Wall St. Earnings Expectations: The average estimate of analysts is for profit of $1.85 per share, a rise of 40.2% 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 $1.89. Between one and three months ago, the average estimate moved up. It has dropped from $1.99 during the last month. For the year, analysts are projecting net income of $8.57 per share, a rise of 43.8% from last year.

Past Earnings Performance: The company has beaten estimates the last two quarters and is coming off a quarter where it topped the forecasts by 36 cents, reporting profit of $2.52 per share against a mean estimate of net income of $2.16. In the second quarter, the company exceeded forecasts by 21 cents with profit of $2.41 versus a mean estimate of net income of $2.20.

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Wall St. Revenue Expectations: On average, analysts predict $40.56 billion in revenue this quarter, a decline of 21.6% from the year ago quarter. Analysts are forecasting total revenue of $223.82 billion for the year, a rise of 18.1% from last year’s revenue of $189.44 billion.

Analyst Ratings: Analysts are bullish on ConocoPhillips as six analysts rate it as a buy, two rate it as a sell and eight rate it as a hold.

A Look Back: In the third quarter, profit fell 14.4% to $2.62 billion ($1.91 a share) from $3.06 billion ($2.05 a share) the year earlier, but exceeded analyst expectations. Revenue rose 33.1% to $62.81 billion from $47.21 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 32.7%, with the biggest boost coming in the second quarter when revenue rose 43.9% from the year earlier quarter.

The company has seen net income fall in each of the last two quarters. Net income dropped 18.3% in the second quarter.

Competitors to Watch: Chevron Corporation (NYSE:CVX), Exxon Mobil Corporation (NYSE:XOM), BP plc (NYSE:BP), Marathon Oil Corporation (NYSE:MRO), Hess Corp. (NYSE:HES), China Petroleum & Chemical Corp. (NYSE:SNP), TOTAL S.A. (NYSE:TOT) and Statoil ASA (NYSE:STO).

Stock Price Performance: During December 19, 2011 to January 19, 2012, the stock price had risen $3.42 (5%) from $67.85 to $71.27. The stock price saw one of its best stretches over the last year between November 25, 2011 and December 5, 2011 when shares rose for seven-straight days, rising 10.1% (+$6.68) over that span. It saw one of its worst periods between November 15, 2011 and November 25, 2011 when shares fell for eight-straight days, falling 8.1% (-$5.85) over that span.

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

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