Hess Corp. Fourth Quarter Earnings Sneak Peek

S&P 500 (NYSE:SPY) component Hess Corp. (NYSE:HES) will unveil its latest earnings on Wednesday, January 25, 2012. Hess is a global integrated energy company that explores and refines crude oil and natural gas.

Hess Corp. Earnings Preview Cheat Sheet.

Wall St. Earnings Expectations: The average estimate of analysts is for net income of $1.39 per share, a rise of 15.8% 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 $1.57. Between one and three months ago, the average estimate moved down. It also has dropped from $1.51 during the last month. For the year, analysts are projecting profit of $6.10 per share, a rise of 18.7% from last year.

Past Earnings Performance: The company enters this earnings report having missed estimates the last four quarters. Last quarter, the company fell short of expectations by 29 cents, reporting net income of of $1.11 per share against a mean estimate of profit of $1.40 per share.

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Wall St. Revenue Expectations: On average, analysts predict $9.23 billion in revenue this quarter, a rise of 6.2% from the year ago quarter. Analysts are forecasting total revenue of $36.5 billion for the year, a rise of 5.5% from last year’s revenue of $34.61 billion.

Analyst Ratings: Analysts are bullish on this stock with 13 analysts rating it as a buy, none rating it as a sell and none rating it as a hold.

A Look Back: In the third quarter, profit fell 74.2% to $298 million (88 cents a share) from $1.15 billion ($3.52 a share) the year earlier, missing analyst expectations. Revenue rose 11.4% to $8.76 billion from $7.86 billion.

Key Stats:

Revenue has risen the past four quarters. Revenue rose 27.5% in the second quarter from the year earlier, climbed 14.1% in the first quarter from the year-ago quarter and 4.5% in the fourth quarter of the last fiscal year.

The decrease in profit in the third quarter broke a streak of two consecutive quarters of year-over-year profit increases. Net income rose 61.9% in the second quarter and 72.7% in the first quarter.

Competitors to Watch: Chevron Corporation (NYSE:CVX), Exxon Mobil Corporation (NYSE:XOM), Marathon Oil Corporation (NYSE:MRO), ConocoPhillips (NYSE:COP), BP plc (NYSE:BP), TOTAL S.A. (NYSE:TOT), Occidental Petroleum Corp. (NYSE:OXY), and China Petroleum & Chemical Corp. (NYSE:SNP).

Stock Price Performance: During December 19, 2011 to January 19, 2012, the stock price had risen $8.11 (15.3%) from $53.08 to $61.19. The stock price saw one of its best stretches over the last year between June 24, 2011 and July 5, 2011 when shares rose for seven-straight days, rising 9.8% (+$6.72) over that span. It saw one of its worst periods between November 11, 2011 and November 25, 2011 when shares fell for 10-straight days, falling 16.5% (-$10.74) over that span.

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

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