Dynegy First Quarter Earnings Sneak Peek

Dynegy Inc. (NYSE:DYN) will unveil its latest earnings on Thursday, May 10, 2012. Dynegy is a holding company conducts substantially all of its business operations through its subsidiaries. Its business is the production and sale of electric energy, capacity, and ancillary services.

Dynegy Inc. Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for a loss of 51 cents per share, a narrower loss from the year-earlier quarter net loss of 59 cents. During the past three months, the average estimate has moved down from a loss of 38 cents. Between one and three months ago, the average estimate moved down. It also has dropped from a loss of 47 cents during the last month.

Past Earnings Performance: The company is looking to top analyst estimates this quarter after trailing for the two previous quarters. Last quarter, it missed estimates by reporting net loss of $2.14 per share against an estimate of a loss of 35 cents per share. The quarter before that, it missed expectations by 2 cents.

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Wall St. Revenue Expectations: Analysts predict a decline of 35.9% in revenue from the year-earlier quarter to $323.6 million.

Analyst Ratings: The limited number of analysts covering the stock seem relatively indifferent about Dynegy with two of three analysts surveyed maintaining a hold rating.

A Look Back: In the fourth quarter of the last fiscal year, the company’s loss widened to a loss of a $1.38 billion ($11.28 a share) from a loss of $164 million ($1.37) a year earlier, missing analyst expectations. Revenue fell 47.2% to $238 million from $451 million.

Key Stats:

On the top line, the company is hoping to use this earnings announcement to snap a string of two-straight quarters of revenue declines. Revenue fell 33.4% in the third quarter of the last fiscal year and dropped again in the fourth quarter of the last fiscal year of the last fiscal year.

Stock Price Performance: Between February 8, 2012 and May 4, 2012, the stock price fell $1.26 (-75.4%), from $1.67 to 41 cents. The stock price saw one of its best stretches over the last year between August 30, 2011 and September 7, 2011, when shares rose for six straight days, increasing 34% (+$1.37) over that span. It saw one of its worst periods between January 24, 2012 and February 2, 2012 when shares fell for eight straight days, dropping 18% (-38 cents) over that span.

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

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