ConocoPhillips Third Quarter Earnings Sneak Peek

S&P 500 (NYSE:SPY) component ConocoPhillips (NYSE:COP) will unveil its latest earnings on Wednesday, October 26, 2011. 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 $2.16 per share, a rise of 44% 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 $2.13. Between one and three months ago, the average estimate moved down. It has risen from $2.07 during the last month. For the year, analysts are projecting net income of $8.24 per share, a rise of 38.3% from last year.

Past Earnings Performance: The company topped estimates last quarter after missing forecasts the quarter prior. In the second quarter, it reported profit of $2.41 per share against a mean estimate of net income of $2.20 per share. In the first quarter, it missed forecasts by 15 cents.

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Wall St. Revenue Expectations: Analysts are projecting a rise of 33.8% in revenue from the year-earlier quarter to $63.18 billion.

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

A Look Back: In the second quarter, profit fell 18.3% to $3.4 billion ($2.41 a share) from $4.16 billion ($2.77 a share) the year earlier, but exceeded analyst expectations. Revenue rose 43.9% to $65.72 billion from $45.69 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 28%, with the biggest boost coming in the most recent quarter when revenue rose 43.9% from the year earlier quarter.

The decrease in profit in the second quarter broke a streak of three consecutive quarters of year-over-year profit increases. Net income rose 44.3% in the first quarter, 67.7% in the fourth quarter of the last fiscal year and more than twofold in the third quarter of the last fiscal year.

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), Repsol YPF, S.A. (REPYY), and Statoil ASA (NYSE:STO).

Stock Price Performance: During September 22, 2011 to October 20, 2011, the stock price had risen $8.01 (12.9%) from $62.26 to $70.27. The stock price saw one of its best stretches over the last year between December 17, 2010 and January 3, 2011 when shares rose for 11-straight days, rising 4.9% (+$3.07) over that span. It saw one of its worst periods between July 21, 2011 and July 29, 2011 when shares fell for seven-straight days, falling 5% (-$3.78) over that span. Shares are up $4.61 (+7%) year to date.

(Source: Xignite Financials)

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