Integrys Energy Group Inc. Third Quarter Earnings Sneak Peek

S&P 500 (NYSE:SPY) component Integrys Energy Group, Inc. (NYSE:TEG) will unveil its latest earnings on Wednesday, November 2, 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 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 29 cents. Between one and three months ago, the average estimate moved up. It has risen from 39 cents during the last month. Analysts are projecting profit to rise by 6.1% versus last year to $3.32.

Past Earnings Performance: Last quarter, the company missed estimates by 9 cents, coming in at profit of 38 cents per share against an estimate of net income of. In the first quarter, the company also missed expectations.

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Wall St. Revenue Expectations: On average, analysts predict $1.07 billion in revenue this quarter, a rise of 7.2% from the year ago quarter. Analysts are forecasting total revenue of $5.42 billion for the year, a rise of 4.2% from last year’s revenue of $5.2 billion.

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

A Look Back: In the second quarter, profit fell 62.5% to $29.9 million (37 cents a share) from $79.7 million ($1.01 a share) the year earlier, missing analyst expectations. Revenue fell 0.4% to $1.01 billion from $1.01 billion.

Key Stats:

Revenue has fallen in the past four quarters. Revenue declined 14.5% in the first quarter from the year earlier, dropped 18.2% in fourth quarter of the last fiscal year from the year-ago quarter and 23.1% in the third quarter of the last fiscal year.

The decrease in profit in the second quarter broke a streak of two consecutive quarters of year-over-year profit increases. Net income rose more than twofold in the first quarter and more than threefold in the fourth 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 August 3, 2011 to October 27, 2011, the stock price had risen $5.22 (10.8%) from $48.45 to $53.67. 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% (+$2.50) over that span. It saw one of its worst periods between July 21, 2011 and July 29, 2011 when shares fell for seven-straight days, falling 4.5% (-$2.31) over that span. Shares are up $7.11 (+15.3%) year to date.

(Source: Xignite Financials)

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