Dominion Resources Fourth Quarter Earnings Sneak Peek

S&P 500 (NYSE:SPY) component Dominion Resources (NYSE:D) will unveil its latest earnings tomorrow, Thursday, January 31, 2013. Dominion Resources supplies electricity and natural gas to various regions across the United States.

Dominion Resources Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average analyst estimate is for net income of 68 cents per share, a rise of 17.2% from the company’s actual earnings for the year-ago quarter. During the past three months, the average estimate has moved down from 69 cents. Between one and three months ago, the average estimate was unchanged. It has since dropped over the last month. For the year, analysts are projecting profit of $3.07 per share, a rise of 0.7% from last year.

Past Earnings Performance: Last quarter, the company fell short of estimates by 0 cents, coming in at net income of 92 cents per share against a mean estimate of profit of 97 cents. The company fell in line with expectations in the second quarter.

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A Look Back: In the third quarter, profit fell 46.7% to $209 million (36 cents a share) from $392 million (69 cents a share) the year earlier, missing analyst expectations. Revenue fell 10.3% to $3.41 billion from $3.8 billion.

Here’s how Dominion Resources traded following its last earnings report 3 months ago and leading up to its upcoming earnings report this week:

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Wall St. Revenue Expectations: Analysts are projecting a rise of 18.6% in revenue from the year-earlier quarter to $3.77 billion.

Analyst Ratings: There are mostly holds on the stock with 12 of 16 analysts surveyed giving that rating.

Key Stats:

On the top line, the company is hoping to use this earnings announcement to snap a string of four-straight quarters of revenue decreases. Revenue fell 15.2% in the fourth quarter of the last fiscal year, 13.9% in first quarter and 8.6% in the second quarter and then fell again in the third quarter.

An income boost this time around would be welcome news after profit declines in the past two quarters. Net income dropped 23.2% in the second quarter and then again in the third quarter.

Balance Sheet Analysis: The company’s current ratio of assets to liabilities came in at 0.71 last quarter. The current ratio is an indication of a firm’s liquidity and ability to meet creditor demands and generally, a ratio less than one could indicate a company may have difficulty meeting current obligations.

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