Forest Oil Corp Fourth Quarter Earnings Sneak Peek

Forest Oil Corp (NYSE:FST) will unveil its latest earnings on Tuesday, February 21, 2012. Forest Oil is an independent oil and gas company engaged in the acquisition, exploration, development, and production of natural gas and liquids mainly North America.

Forest Oil Corp Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average analyst estimate is for net income of 26 cents per share, a decline of 50% from the company’s actual earnings for the year-ago quarter. During the past three months, the average estimate has moved up from 24 cents. Between one and three months ago, the average estimate moved up. It has been unchanged at 26 cents during the last month. Analysts are projecting profit to rise by 38.1% versus last year to $1.09.

Past Earnings Performance: The company fell short of estimates last quarter after topping forecasts the quarter prior. In the third quarter, it reported profit of 22 cents per share against a mean estimate of 26 cents. Two quarters ago, it beat expectations by 5 cents with net income of 36 cents.

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Wall St. Revenue Expectations: Analysts are projecting a decline of 10.4% in revenue from the year-earlier quarter to $192.1 million.

Analyst Ratings: Of the 18 analysts surveyed, 11 (61.1%) rate Forest Oil a buy. This falls under the mean analyst rating of 10 competitors, which average 65% buy ratings.

A Look Back: In the third quarter, profit rose 20.1% to $82.8 million (72 cents a share) from $68.9 million (60 cents a share) the year earlier, but fell short analyst expectations. Revenue fell 17.2% to $174 million from $210.2 million.

Key Stats:

Revenue fell in the third quarter after seeing a rise the quarter before. In the second quarter, revenue rose 14.4%.

Stock Price Performance: Between November 17, 2011 and February 15, 2012, the stock price fell 94 cents (-6.4%), from $14.66 to $13.72. The stock price saw one of its best stretches over the last year between June 27, 2011 and July 5, 2011, when shares rose for six straight days, increasing 12.9% (+$3.22) over that span. It saw one of its worst periods between June 1, 2011 and June 13, 2011 when shares fell for nine straight days, dropping 13.6% (-$4.09) over that span.

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

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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