El Paso Corp First Quarter Earnings Sneak Peek

S&P 500 (NYSE:SPY) component El Paso Corp (NYSE:EP) will unveil its latest earnings on Thursday, May 3, 2012. El Paso is an energy company that provides natural gas and related energy products.

El Paso Corp Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for profit of 27 cents per share, a decline of 10% from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved down from 28 cents. Between one and three months ago, the average estimate moved down. It has been unchanged at 27 cents during the last month. For the year, analysts are projecting net income of $1.12 per share, a rise of 12% from last year.

Past Earnings Performance: Last quarter, the company saw profit of 28 cents per share versus a mean estimate of net income of 28 cents per share. This comes after two consecutive quarters of exceeding expectations.

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Wall St. Revenue Expectations: Analysts predict a rise of 39.5% in revenue from the year-earlier quarter to $1.38 billion.

Analyst Ratings: Analysts seem relatively indifferent about El Paso with six of nine analysts surveyed maintaining a hold rating.

A Look Back: In the fourth quarter of the last fiscal year, profit rose more than twofold to $185 million (24 cents a share) from $71 million (10 cents a share) the year earlier, meeting analyst expectations. Revenue rose 25.2% to $1.23 billion from $984 million.

Key Stats:

On the top line, the company is looking to build on three-straight revenue increases heading into this earnings announcement. Revenue increased 21.4% in the second quarter of the last fiscal year and 15.7% in the third quarter of the last fiscal year before climbing again in the fourth quarter of the last fiscal year of the last fiscal year.

Stock Price Performance: Between February 1, 2012 and April 27, 2012, the stock price rose $2.60 (9.7%), from $26.92 to $29.52. The stock price saw one of its best stretches over the last year between January 5, 2012 and January 19, 2012, when shares rose for 10 straight days, increasing 3.6% (+93 cents) over that span. It saw one of its worst periods between September 15, 2011 and September 23, 2011 when shares fell for seven straight days, dropping 12.6% (-$2.48) over that span.

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

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