Newfield Exploration Co. Fourth Quarter Earnings Sneak Peek

S&P 500 (NYSE:SPY) component Newfield Exploration Co. (NYSE:NFX) will unveil its latest earnings on Tuesday, February 21, 2012. Newfield Exploration acquires and explores natural gas and crude oil properties in the U.S. and abroad.

Newfield Exploration Co. Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for profit of $1.02 per share, a decline of 12.1% 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 $1.01. Between one and three months ago, the average estimate moved up. It has dropped from $1.04 during the last month. Analysts are projecting profit to rise by 9.6% versus last year to $4.06.

Past Earnings Performance: Last quarter, the company missed estimates by 12 cents, coming in at net income of $1.04 per share against an estimate of profit of. In the second quarter, the company also missed expectations.

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Wall St. Revenue Expectations: On average, analysts predict $697.4 million in revenue this quarter, a rise of 32.1% from the year-ago quarter. Analysts are forecasting total revenue of $2.55 billion for the year, a rise of 35.6% from last year’s revenue of $1.88 billion.

Analyst Ratings: Of the 22 analysts surveyed, 12 (54.5%) rate Newfield Exploration a buy. This falls short of the analyst rating of 10 competitors, which average 66.3% buy ratings.

A Look Back: In the third quarter, profit rose 67.1% to $269 million ($1.99 a share) from $161 million ($1.20 a share) the year earlier, but fell short analyst expectations. Revenue rose 39.9% to $628 million from $449 million.

Key Stats:

The company has enjoyed double-digit year-over-year percentage revenue growth for the past four quarters. Over that span, the company has averaged growth of 31.3%, with the biggest boost coming in the most recent quarter when revenue rose 39.9% from the year earlier quarter.

Stock Price Performance: Between December 16, 2011 and February 15, 2012, the stock price had risen $2.86 (7.7%), from $37.01 to $39.87. The stock price saw one of its best stretches over the last year between October 20, 2011 and October 28, 2011, when shares rose for seven straight days, increasing 17.3% (+$6.19) over that span. It saw one of its worst periods between July 22, 2011 and August 8, 2011 when shares fell for 12 straight days, dropping 32.4% (-$23.60) over that span.

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

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To contact the reporter on this story: Derek Hoffman at staff.writers@wallstcheatsheet.com

To contact the editor responsible for this story: Damien Hoffman at editors@wallstcheatsheet.com