Integrys Energy Group Earnings: A Mixed Bag

S&P 500 (NYSE:SPY) component Integrys Energy Group Inc. (NYSE:TEG) reported net income above Wall Street’s expectations for the third quarter. Integrys Energy Group is a holding company whose subsidiaries provide products and services in energy markets.

Earnings season is back and more important than ever. Get our newest CHEAT SHEET stock picks now

Integrys Energy Group Inc. Earnings Cheat Sheet

Results: Net income for Integrys Energy Group Inc. rose to $66.3 million (83 cents per share) vs. $37.6 million (47 cents per share) in the same quarter a year earlier. This marks a rise of 76.3% from the year-earlier quarter.

Revenue: Fell 0.7% to $927.6 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: Integrys Energy Group Inc. reported adjusted net income of 55 cents per share. By that measure, the company beat the mean estimate of 38 cents per share. It fell short of the average revenue estimate of $1.72 billion.

Quoting Management: “I am extremely pleased with the strong adjusted financial results in the third quarter of 2012,” said Charles A. Schrock, Chairman, President and Chief Executive Officer of Integrys Energy Group. “Continued cost control efforts by our employees contributed to the increase in our guidance for 2012 diluted earnings per share – adjusted.”

Key Stats:

The company trumped estimates last quarter after falling shy in the two quarters prior. In the second quarter, it missed the mark by 13 cents, and in the first quarter, it came in under estimates by 2 cents.

Net income has increased 31.4% year-over-year on average across the last five quarters. The biggest gain came in the third quarter of the last fiscal year, when income climbed 79.9% from the year-earlier quarter.

Looking Forward: Analysts appear increasingly negative about the company’s results for the next quarter. The average estimate for the fourth quarter has moved down from $1.05 a share to 89 cents over the last ninety days. At $3.08 per share, the average estimate for the fiscal year has fallen from $3.43 ninety days ago.

Stocks with improving earnings metrics are worthy of your extra attention. In fact, “E = Earnings Are Increasing Quarter-Over-Quarter” is a core component of our CHEAT SHEET investing framework for this very reason. Don’t waste another minute — click here and get our CHEAT SHEET stock picks now.

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

Don’t Miss These Additional Hot Stories:

Is AT&T’s Stock a Buy as iPhone Sales Soar?

Is LinkedIn Still a Wall Street Darling?

Should Netflix Shareholders Hope for a Buyout?