Integrys Energy Group, Inc. Second Quarter Earnings Sneak Peek

S&P 500 (NYSE:SPY) component Integrys Energy Group, Inc. (NYSE:TEG) will unveil its latest earnings on Wednesday, August 3, 2011. Integrys Energy Group is a holding company whose subsidiaries provide products and services in energy markets.

Integrys Energy Group, Inc. Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for net income of 46 cents per share, a decline of 2.1% from the company’s actual earnings for the same quarter a year ago. The average estimate is the same as three months ago. Between one and three months ago, the average estimate was unchanged and it has not changed during the last month. For the year, analysts are projecting profit of $3.37 per share, a rise of 7.7% from last year.

Past Earnings Performance: The company fell short of estimates last quarter after topping forecasts the quarter prior. In the first quarter, it reported net income of $1.57 per share against a mean estimate of $1.62. Two quarters ago, it beat expectations by 4 cents with profit of 82 cents.

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Wall St. Revenue Expectations: On average, analysts predict $1.12 billion in revenue this quarter, a rise of 10.9% from the year ago quarter. Analysts are forecasting total revenue of $5.37 billion for the year, a rise of 3.3% from last year’s revenue of $5.2 billion.

Analyst Ratings: Analysts seem relatively indifferent about Integrys Energy Group with six of seven analysts surveyed maintaining a hold rating.

Key Stats:

Revenue has fallen in the past four quarters. Revenue declined 14.5% to $1.63 billion in first quarter. The figure fell 18.2% in the fourth quarter of the last fiscal year from the year earlier, dropped 23.1% in third quarter of the last fiscal year from the year-ago quarter and 28.9% in the second quarter of the last fiscal year.

Competitors to Watch: CenterPoint Energy, Inc. (NYSE:CNP), Wisconsin Energy Corp. (NYSE:WEC), CMS Energy Corporation (NYSE:CMS), Dominion Resources, Inc. (NYSE:D), DTE Energy Company (NYSE:DTE), Ameren Corporation (NYSE:AEE), SCANA Corporation (NYSE:SCG), Calpine Corporation (NYSE:CPN), Avista Corporation (NYSE:AVA), and CH Energy Group, Inc. (NYSE:CHG).

Stock Price Performance: During May 3, 2011 to July 28, 2011, the stock price had fallen $1.70 (-3.3%) from $52.17 to $50.47. The stock price saw one of its best stretches over the last year between April 21, 2011 and May 3, 2011 when shares rose for eight-straight days, rising 5.1% (+$2.52) over that span. It saw one of its worst periods between December 22, 2010 and December 31, 2010 when shares fell for seven-straight days, falling 1.6% (-76 cents) over that span. Shares are up $3.26 (+6.9%) year to date.

(Source: Xignite Financials)

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