Energy Stocks Generating Action Ahead of Earnings Reports

Rowan Companies, Inc. (NYSE:RDC) will unveil its latest earnings on Wednesday, May 2, 2012. The average estimate of analysts is for profit of 34 cents per share, a rise of 41.7% 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 71 cents. Between one and three months ago, the average estimate moved down. It also has dropped from 37 cents during the last month. Analysts are projecting profit to rise by 131.2% versus last year to $2.59.

Last quarter, the company came in at net income of 32 cents per share against a mean estimate of profit of 31 cents per share, beating estimates after missing them in the previous quarter. In the third quarter of the last fiscal year, it missed forecasts by 14 cents. Analysts predict a decline of 14% in revenue from the year-earlier quarter to $313.3 million.

Parker Drilling Company (NYSE:PKD) will unveil its latest earnings on Wednesday, May 2, 2012. The average estimate of analysts is for profit of 17 cents per share, a rise of more than threefold from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved up from 16 cents. Between one and three months ago, the average estimate moved up. It has dropped from 18 cents during the last month. Analysts are projecting profit to rise by 35.2% versus last year to 73 cents.

Last quarter, the company reported net income of 17 cents per share versus a mean estimate of profit of. The company has beaten estimates for the past three quarters. Analysts are projecting a rise of 20.3% in revenue from the year-earlier quarter to $187.9 million.

Sunoco, Inc. (NYSE:SUN) will unveil its latest earnings on Wednesday, May 2, 2012. The average estimate of analysts is for the company to break even after the company reported net loss of $1.01 per share in the year-earlier quarter. During the past three months, the average estimate has moved down from one cent. Between one and three months ago, the average estimate moved up. It has dropped from 14 cents during the last month. For the year, analysts are projecting profit of $1.11 per share, a spike from a loss of 3 cents last year.

Last quarter, the company topped expectations by 32 cents, coming in at net income of 5 cents per share versus a mean estimate of net loss of 27 cents per share. This followed two straight quarters of missing estimates. Analysts predict a decline of 38.9% in revenue from the year-earlier quarter to $6.5 billion.

Tesoro Corporation (NYSE:TSO) will unveil its latest earnings on Wednesday, May 2, 2012. The average analyst estimate is for net income of 26 cents per share, a decline of 64.9% from the company’s actual earnings for the year-ago quarter. During the past three months, the average estimate has moved down from 42 cents. Between one and three months ago, the average estimate moved up. It has dropped from 55 cents during the last month. For the year, analysts are projecting profit of $3.69 per share, a decline of 6.3% from last year.

Last quarter, the company missed estimates by 23 cents, coming in at a loss of 89 cents per share versus a mean estimate of net loss of 66 cents per share. In the third quarter of the last fiscal year, the company beat estimates by 56 cents. Analysts predict a decline of 1.5% in revenue from the year-earlier quarter to $6.43 billion.