Inside Southwestern Energy’s Upcoming Second Quarter Earnings Release

S&P 500 (NYSE:SPY) component Southwestern Energy Company (NYSE:SWN) will unveil its latest earnings on Thursday, July 28, 2011. Southwestern Energy Co. is an independent energy company, which through its subsidiaries, explores, develops and produces natural gas (NYSE:UNG) and crude oil (NYSE:USO).

Southwestern Energy Company Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for profit of 43 cents per share, a rise of 22.9% 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 40 cents. Between one and three months ago, the average estimate moved up, and has risen from 42 cents during the last month. For the year, analysts are projecting net income of $1.78 per share, a rise of 2.9% from last year.

Past Earnings Performance: The company fell in line with estimates last quarter after topping forecasts the quarter before. After coming in above the mean estimate by one cent in the fourth quarter of the last fiscal year, the company fell in line with expecations by reporting profit of 39 cents per share last quarter.

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Wall St. Revenue Expectations: On average, analysts predict $709.2 million in revenue this quarter, a rise of 69.2% from the year ago quarter. Analysts are forecasting total revenue of $2.87 billion for the year, a rise of 53.5% from last year’s revenue of $1.87 billion.

Analyst Ratings: Analysts seem relatively indifferent about Southwestern Energy Company with 13 of 24 analysts surveyed maintaining a hold rating.

Key Stats:

Revenue has risen the past four quarters. Revenue increased 1.2% to $676.3 million in first quarter. The figure rose 7.4% in the fourth quarter of the last fiscal year from the year earlier, climbed 35.6% in the third quarter of the last fiscal year from the year-ago quarter and 23.5% in the second quarter of the last fiscal year.

The company has now seen net income fall in each of the last two quarters. In the first quarter, net income fell 20.5% from the year earlier quarter, while the figure dropped 5.3% in the fourth quarter of the last fiscal year.

Competitors to Watch: Marathon Oil Corporation (NYSE:MRO), Williams Companies, Inc. (NYSE:WMB), Questar Corporation (NYSE:STR), Chevron Corporation (NYSE:CVX), Exxon Mobil Corporation (NYSE:XOM), EQT Corporation (NYSE:EQT), Hess Corp. (NYSE:HES), ConocoPhillips (NYSE:COP), Double Eagle Petroleum Co. (NASDAQ:DBLE), and Occidental Petroleum Corp. (NYSE:OXY).

Stock Price Performance: During June 23, 2011 to July 22, 2011, the stock price had risen $7.38 (17.7%) from $41.62 to $49. The stock price saw one of its best stretches over the last year between March 10, 2011 and March 25, 2011 when shares rose for 12-straight days, rising 20.4% (+$7.37) over that span. It saw one of its worst periods between March 30, 2011 and April 12, 2011 when shares fell for 10-straight days, falling 12.1% (-$5.22) over that span. Shares are up $11.57 (+30.9%) year to date.

(Source: Xignite Financials)

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