Hess Corp. Third Quarter Earnings on the Horizon

S&P 500 (NYSE:SPY) component Hess Corp. (NYSE:HES) will unveil its latest earnings on Wednesday, October 26, 2011. 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 6.1% 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 $1.81. Between one and three months ago, the average estimate moved down. It also has dropped from $1.72 during the last month. For the year, analysts are projecting profit of $6.65 per share, a rise of 29.4% from last year.

Past Earnings Performance: For the past three quarters, the company’s quarterly results have come in below analyst’s expectations. Last quarter, the company reported net income of $1.78 per share versus a mean estimate of profit of $1.97 per share.

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Wall St. Revenue Expectations: On average, analysts predict $9.68 billion in revenue this quarter, a rise of 8.2% from the year ago quarter. Analysts are forecasting total revenue of $36.64 billion for the year, a rise of 5.9% from last year’s revenue of $34.61 billion.

Analyst Ratings: Analysts are bullish on this stock with 11 analysts rating it as a buy, none rating it as a sell and three rating it as a hold.

A Look Back: In the second quarter, profit rose 61.9% to $607 million ($1.78 a share) from $375 million ($1.15 a share) the year earlier, but fell short analyst expectations. Revenue rose 27.5% to $9.86 billion from $7.73 billion.

Key Stats:

Revenue has risen the past four quarters. Revenue rose 14.1% in the first quarter from the year earlier, climbed 4.5% in the fourth quarter of the last fiscal year from the year-ago quarter and 8.2% in the third quarter of the last fiscal year.

The company has now been profitable for the last eight quarters, and for the last four, profit has risen year over year by an average of 72.3%. The quarter with the biggest boost was the third quarter of the last fiscal year, which saw a more than threefold surge.

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), Repsol YPF, S.A. (REPYY), Occidental Petroleum Corp. (NYSE:OXY), and China Petroleum & Chemical Corp. (NYSE:SNP).

Stock Price Performance: During July 27, 2011 to October 20, 2011, the stock price had fallen $11.35 (-16.2%) from $70.16 to $58.81. 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 9.7% (+$6.72) over that span. It saw one of its worst periods between April 5, 2011 and April 18, 2011 when shares fell for 10-straight days, falling 10.6% (-$9.12) over that span. Shares are down $17.40 (-22.8%) year to date.

(Source: Xignite Financials)

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