Dynegy Second Quarter Earnings Sneak Peek

Dynegy Inc. (NYSE:DYN) will unveil its latest earnings on Monday, August 8, 2011. Dynegy, Inc. is an 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 net loss of 47 cents per share, a wider loss from the year earlier quarter net loss of 25 cents. During the past three months, the average estimate has moved down from a loss of 23 cents. Between one and three months ago, the average estimate moved down and dropped from a loss of 46 cents during the last month.

Past Earnings Performance: The company fell short of estimates last quarter after being in line with forecasts the quarter prior. In the first quarter, it reported a loss of 59 cents per share versus a mean estimate of 39 cents. Two quarters ago, it reported net loss of 48 cents per share.

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Wall St. Revenue Expectations: On average, analysts predict $539.9 million in revenue this quarter, a rise of more than twofold from the year ago quarter. Analysts are forecasting total revenue of $2.09 billion for the year, a decline of 9.9% from last year’s revenue of $2.32 billion.

Analyst Ratings: Analysts seem relatively indifferent about Dynegy with eight of 10 analysts surveyed maintaining a hold rating.

Key Stats:

A year-over-year revenue decrease in the first quarter snaps a streak of two consecutive quarters of revenue increases. Revenue fell 41.1% in the first quarter and rose 2.3% in the fourth quarter of the last fiscal year and 15.2% in the third quarter of the last fiscal year.

Competitors to Watch: Calpine Corporation (NYSE:CPN), NRG Energy, Inc. (NYSE:NRG), Constellation Energy Group, Inc. (NYSE:CEG), Genon Energy Inc (NYSE:GEN), The AES Corporation (NYSE:AES), Atlantic Power Corporation (ATP), ALLETE, Inc. (NYSE:ALE), The Southern Company (NYSE:SO), Integrys Energy Group, Inc. (NYSE:TEG), and CenterPoint Energy, Inc. (NYSE:CNP).

Stock Price Performance: During May 6, 2011 to August 2, 2011, the stock price had fallen 99 cents (-15.4%) from $6.41 to $5.42. The stock price saw one of its best stretches over the last year between December 31, 2010 and January 11, 2011 when shares rose for eight-straight days, rising 3.7% (+21 cents) over that span. It saw one of its worst periods between January 31, 2011 and February 9, 2011 when shares fell for eight-straight days, falling 9.2% (-58 cents) over that span. Shares are down 20 cents (-3.6%) year to date.

(Source: Xignite Financials)

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