Noble Energy Inc. Fourth Quarter Earnings Sneak Peek

S&P 500 (NYSE:SPY) component Noble Energy, Inc. (NYSE:NBL) will unveil its latest earnings on Thursday, February 9, 2012. Noble Energy is an independent energy company that acquires and produces crude oil, natural gas, and natural gas liquids.

Noble Energy, Inc. Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: 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.

Past Earnings Performance: 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.

Investing Insights: Will the iPad 3 Be the Next Catalyst for Apple’s Stock?

Wall St. Revenue Expectations: Analysts are projecting a rise of 21.9% in revenue from the year-earlier quarter to $954.2 million.

Analyst Ratings: Analysts are bullish on this stock with 12 analysts rating it as a buy, none rating it as a sell and six rating it as a hold.

A Look Back: In the third quarter, profit rose 90.1% to $441 million ($2.39 a share) from $232 million ($1.31 a share) the year earlier, exceeding analyst expectations. Revenue rose 21.2% to $874 million from $721 million.

Key Stats:

Revenue has risen the past four quarters. Revenue rose 31.2% in the second quarter from the year earlier, climbed 27.2% in the first quarter from the year-ago quarter and 3% in the fourth quarter of the last fiscal year.

Stock Price Performance: During November 7, 2011 to February 3, 2012, the stock price had risen $11.95 (13.1%) from $91.01 to $102.96. The stock price saw one of its best stretches over the last year between June 24, 2011 and July 5, 2011 when shares rose for seven-straight days, rising 7% (+$5.94) over that span. It saw one of its worst periods between September 7, 2011 and September 13, 2011 when shares fell for five-straight days, falling 6.3% (-$5.41) over that span.

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

Don’t Miss These Additional Hot Stories:

These Retailers Continue to Confuse Investors

Are You Ready for Some Super Bowl Inflation?

Is 2012 the Year of the Golden Dragon?

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