Denbury Resources, Inc. First Quarter Earnings Sneak Peek

S&P 500 (NYSE:SPY) component Denbury Resources, Inc. (NYSE:DNR) will unveil its latest earnings on Thursday, May 3, 2012. Denbury Resources is an independent oil and gas company that acquires and develops oil and natural gas properties in the United States Gulf Coast region.

Denbury Resources, Inc. Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for net income of 36 cents per share, a rise of 38.5% 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 32 cents. Between one and three months ago, the average estimate moved up. It has risen from 34 cents during the last month. For the year, analysts are projecting profit of $1.61 per share, a rise of 12.6% from last year.

Past Earnings Performance: The company’s quarterly results have come in above estimates for the last three quarters. Last quarter, the company booked net income of 45 cents per share versus a mean estimate of profit of 33 cents per share.

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Wall St. Revenue Expectations: Analysts predict a rise of 20.8% in revenue from the year-earlier quarter to $621 million.

Analyst Ratings: Analysts are bullish on this stock, with 13 analysts rating it as a buy, none rating it as a sell and two rating it as a hold.

A Look Back: In the fourth quarter of the last fiscal year, profit rose more than fivefold to $52.6 million (14 cents a share) from $10.4 million (one cent a share) the year earlier, exceeding analyst expectations. Revenue rose 18% to $612.2 million from $519 million.

Key Stats:

The company enters this earnings announcement with substantial revenue momentum. The company has averaged year-over-year revenue growth of 28.6% over the last four quarters.

Stock Price Performance: Between March 1, 2012 and April 27, 2012, the stock price had fallen $1.69 (-8.3%), from $20.38 to $18.69. The stock price saw one of its best stretches over the last year between June 24, 2011 and July 5, 2011, when shares rose for seven straight days, increasing 8.2% (+$1.53) over that span. It saw one of its worst periods between July 25, 2011 and August 8, 2011 when shares fell for 11 straight days, dropping 29.9% (-$6.21) over that span.

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

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