Northeast Utilities System Third Quarter Earnings Sneak Peek

S&P 500 (NYSE:SPY) component Northeast Utilities System (NYSE:NU) will unveil its latest earnings on Monday, October 24, 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 55 cents per share, a decline of 3.5% 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 53 cents. Between one and three months ago, the average estimate moved up. It has been unchanged at 55 cents during the last month. Analysts are projecting profit to rise by 6.4% versus last year to $2.33.

Past Earnings Performance: Last quarter, the company missed estimates by 4 cents, coming in at net income of 44 cents per share versus a mean estimate of profit of 48 cents per share. In the first quarter, the company beat estimates by 6 cents.

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Wall St. Revenue Expectations: On average, analysts predict $1.2 billion in revenue this quarter, a decline of 3.2% from the year ago quarter. Analysts are forecasting total revenue of $4.99 billion for the year, a rise of 1.8% from last year’s revenue of $4.9 billion.

Analyst Ratings: Analysts seem relatively indifferent about Northeast Utilities System with eight of 12 analysts surveyed maintaining a hold rating.

A Look Back: In the second quarter, profit rose 7.4% to $77.3 million (44 cents a share) from $71.9 million (41 cents a share) the year earlier, but fell short analyst expectations. Revenue fell 5.8% to $1.05 billion from $1.11 billion.

Key Stats:

The company has seen net income rise in three straight quarters. Net income rose 32.4% in the first quarter and 43.2% in the fourth quarter of the last fiscal year.

Revenue has fallen in the past four quarters. Revenue declined 7.8% in the first quarter from the year earlier, dropped 8.5% in fourth quarter of the last fiscal year from the year-ago quarter and 4.8% in the third 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), 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 July 26, 2011 to October 19, 2011, the stock price had fallen $1.31 (-3.8%) from $34.67 to $33.36. 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% (+$2.21) 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% (-$1.10) over that span. Shares are up $2.24 (+7.2%) year to date.

(Source: Xignite Financials)

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