Earnings on Deck: Devon, ITT, SCANA, Stifel

Devon Energy Corp (NYSE:DVN) will unveil its latest earnings on Wednesday, February 15, 2012. The average analyst estimate is for profit of $1.46 per share, a decline of 7% from the company’s actual earnings for the year-ago quarter. During the past three months, the average estimate has moved up from $1.43. Between one and three months ago, the average estimate moved up. It has risen from $1.45 during the last month. Analysts are projecting profit to rise by 5.9% compared to last year’s $6.04.

Last quarter, the company beat estimates by 6 cents, coming in at net income of $1.54 a share versus the estimate of profit of $1.48 a share. It marked the fourth straight quarter of beating estimates. Analysts predict a rise of 24.3% in revenue from the year-earlier quarter to $2.66 billion.

Competitors to Watch: Chesapeake Energy Corp. (NYSE:CHK), Anadarko Petroleum Corp. (NYSE:APC), Targa Resources Partners LP (NYSE:NGLS), GeoResources, Inc. (NASDAQ:GEOI), QEP Resources, Inc. (NYSE:QEP), Newfield Exploration Co. (NYSE:NFX), SandRidge Energy Inc. (NYSE:SD), Swift Energy Company (NYSE:SFY), EOG Resources, Inc. (NYSE:EOG), and Gulfport Energy Corp. (NASDAQ:GPOR).

ITT Corporation (NYSE:ITT) will unveil its latest earnings on Wednesday, February 15, 2012. The average analyst estimate is for profit of 35 cents per share, a decline of 87.1% from the company’s actual earnings for the year-ago quarter. During the past three months, the average estimate has moved down from 36 cents. Between one and three months ago, the average estimate moved down. It has been unchanged at 35 cents during the last month. Analysts are projecting profit to rise by 83% compared to last year’s $1.50.

Last quarter, the company missed estimates by 2 cents, coming in at net income of $2.34 per share versus a mean estimate of profit of $2.36 per share. In the second quarter, the company beat estimates by 4 cents. Analysts predict a decline of 83.2% in revenue from the year-earlier quarter to $511.3 million.

Competitors to Watch: General Dynamics Corp. (NYSE:GD), Raytheon Company (NYSE:RTN), Lockheed Martin Corp. (NYSE:LMT), Kratos Defense & Security Solutions, Inc (NASDAQ:KTOS), Northrop Grumman Corp. (NYSE:NOC), The Boeing Company (NYSE:BA), L-3 Communications Hldgs., Inc. (NYSE:LLL), Goodrich Corporation (NYSE:GR), FLIR Systems, Inc. (NASDAQ:FLIR).

SCANA Corp (NYSE:SCG) will unveil its latest earnings on Wednesday, February 15, 2012. The average analyst estimate is for profit of 81 cents per share, a rise of 9.5% from the company’s actual earnings for the year-ago quarter. During the past three months, the average estimate has moved down from 83 cents. Between one and three months ago, the average estimate moved down. It also has dropped from 82 cents during the last month. Analysts are projecting profit to rise by 2% compared to last year’s $3.04.

Last quarter, the company came in at net income of 81 cents per share against a mean estimate of profit of 76 cents per share, beating estimates after missing them in the previous quarter. In the second quarter, it missed forecasts by 5 cents. Analysts predict a rise of 3.5% in revenue from the year-earlier quarter to $1.18 billion.

Competitors to Watch: Dominion Resources, Inc. (NYSE:D), CenterPoint Energy, Inc. (NYSE:CNP), OGE Energy Corp. (NYSE:OGE), Integrys Energy Group, Inc. (NYSE:TEG), Avista Corporation (NYSE:AVA), The Empire District Electric Co. (NYSE:EDE), Wisconsin Energy Corp. (NYSE:WEC), CMS Energy Corporation (NYSE:CMS), TECO Energy, Inc. (NYSE:TE), and Unitil Corporation (NYSE:UTL).

Stifel Financial Corp. (NYSE:SF) will unveil its latest earnings on Wednesday, February 15, 2012. The average analyst estimate is for profit of 43 cents per share, a decline of 41.9% from the company’s actual earnings for the year-ago quarter. During the past three months, the average estimate has moved down from 48 cents. Between one and three months ago, the average estimate moved down. It also has dropped from 44 cents during the last month. For the year, analysts are projecting net income of $1.80 per share, a decline of 16.7% from last year.

For the past three quarters, the company’s quarterly results have come in below analyst’s expectations. Last quarter, the company reported profit of 35 cents per share versus a mean estimate of net income of 41 cents per share. Analysts predict a decline of 13.4% in revenue from the year-earlier quarter to $347.6 million.

Competitors to Watch: Oppenheimer Hldgs. Inc. (NYSE:OPY), Raymond James Financial, Inc. (NYSE:RJF), Siebert Financial Corp. (NASDAQ:SIEB), Ladenburg Thalmann Financial Services (AMEX:LTS), National Holdings Corp. (NHLD), Rodman & Renshaw Capital Group Inc. (NASDAQ:RODM), Morgan Stanley (NYSE:MS), TD Ameritrade Holding Corp. (NASDAQ:AMTD), Goldman Sachs Group, Inc. (NYSE:GS), and Knight Capital Group Inc. (NYSE:KCG).

To contact the reporter on this story: Derek Hoffman at staff.writers@wallstcheatsheet.com

To contact the editor responsible for this story: Damien Hoffman at editors@wallstcheatsheet.com