Northeast Utilities System Second Quarter Earnings Sneak Peek

S&P 500 (NYSE:SPY) component Northeast Utilities System (NYSE:NU) will unveil its latest earnings on Wednesday, August 3, 2011. Northeast Utilities is a public utility holding company that delivers energy through its subsidiaries.

Northeast Utilities System Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for profit of 48 cents per share, a rise of 17.1% 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 moved up, but has dropped from 50 cents during the last month. For the year, analysts are projecting net income of $2.32 per share, a rise of 5.9% from last year.

Past Earnings Performance: The company’s quarterly results have come in above estimates for the last three quarters. Last quarter, the company booked profit of 69 cents per share versus a mean estimate of net income of 63 cents per share.

Get more Earnings Cheat Sheets with our in depth coverage of earnings season >>

Wall St. Revenue Expectations: On average, analysts predict $1.14 billion in revenue this quarter, a rise of 2.7% from the year ago quarter. Analysts are forecasting total revenue of $5.07 billion for the year, a rise of 3.5% from last year’s revenue of $4.9 billion.

Analyst Ratings: Analysts seem relatively indifferent about Northeast Utilities System with nine of 13 analysts surveyed maintaining a hold rating.

Key Stats:

The company has now seen net income rise in three straight quarters. In the first quarter, net income rose 32.4% while it rose 43.2% in the fourth quarter of the last fiscal year and 55.2% in the third quarter of the last fiscal year.

Revenue has fallen in the past four quarters. Revenue declined 7.8% to $1.24 billion in first quarter. The figure fell 8.5% in the fourth quarter of the last fiscal year from the year earlier, dropped 4.8% in third quarter of the last fiscal year from the year-ago quarter and 9.2% in the second quarter of the last fiscal year.

Competitors to Watch: NSTAR (NYSE:NST), UIL Holdings Corporation (NYSE:UIL), Unitil Corporation (NYSE:UTL), Consolidated Edison, Inc. (NYSE:ED), Maine & Maritimes Corp. (MAM), Central Vermont Public Service Corp (NYSE:CV), Pepco Holdings, Inc. (NYSE:POM), NextEra Energy, Inc. (NYSE:NEE), Alliant Energy Corporation (NYSE:LNT), and TECO Energy, Inc. (NYSE:TE).

Stock Price Performance: During May 3, 2011 to July 28, 2011, the stock price had fallen 93 cents (-2.6%) from $35.44 to $34.51. The stock price saw one of its best stretches over the last year between April 18, 2011 and May 4, 2011 when shares rose for 12-straight days, rising 6.7% (+$2.23) over that span. It saw one of its worst periods between April 6, 2011 and April 14, 2011 when shares fell for seven-straight days, falling 3.2% (-$1.11) over that span. Shares are up $3.14 (+10%) year to date.

(Source: Xignite Financials)

Get more Earnings Cheat Sheets with our in depth coverage of earnings season >>