Investors Buy Shares of These 2 Companies Before Earnings

Noble Energy, Inc.(NYSE:NBL) will unveil its latest earnings on Thursday, February 9, 2012. The average estimate of analysts is for profit of $1.10 per share, a rise of 5.8% 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 90 cents. Between one and three months ago, the average estimate moved up. It has risen from $1.08 during the last month. For the year, analysts are projecting net income of $5.12 per share, a rise of 21.3% from last year.

The company has beaten estimates the last four quarters and is coming off a quarter where it topped forecasts by 21 cents, reporting profit of $1.24 per share against a mean estimate of net income of $1.03 per share. Analysts are projecting a rise of 21.9% in revenue from the year-earlier quarter to $954.2 million.

Competitors to Watch: Marathon Oil Corporation (NYSE:MRO), Anadarko Petroleum Corp. (NYSE:APC), EOG Resources, Inc. (NYSE:EOG), Newfield Exploration Co. (NYSE:NFX), Chevron Corporation (NYSE:CVX), Apache Corporation (NYSE:APA), Harvest Natural Resources, Inc. (NYSE:HNR), Murphy Oil Corporation (NYSE:MUR), Crimson Exploration Inc. (NASDAQ:CXPO), and ATP Oil & Gas Corporation (NASDAQ:ATPG).

Republic Services, Inc.(NYSE:RSG) will unveil its latest earnings on Thursday, February 9, 2012. The average estimate of analysts is for net income of 45 cents per share, a rise of 7.1% 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 46 cents. Between one and three months ago, the average estimate moved down. It has been unchanged at 45 cents during the last month. For the year, analysts are projecting profit of $1.88 per share, a rise of 11.2% from last year.

Last quarter, the company beat estimates by 3 cents, coming in at net income of 53 cents a share versus the estimate of profit of 50 cents a share. It marked the fourth straight quarter of beating estimates. On average, analysts predict $2.02 billion in revenue this quarter, no change from the year ago quarter. Analysts are forecasting total revenue of $8.2 billion for the year, a rise of 1.1% from last year’s revenue of $8.11 billion.

Competitors to Watch: Waste Management, Inc. (NYSE:WM), Waste Connections, Inc. (NYSE:WCN), WCA Waste Corporation (NASDAQ:WCAA), Casella Waste Systems Inc. (NASDAQ:CWST), Perma-Fix Environmental Services, Inc. (NASDAQ:PESI), Stericycle, Inc. (NASDAQ:SRCL), Industrial Services of America, Inc. (NASDAQ:IDSA), Clean Harbors, Inc. (NYSE:CLH).