Pioneer Natural Resources First Quarter Earnings Sneak Peek

S&P 500 (NYSE:SPY) component Pioneer Natural Resources (NYSE:PXD) will unveil its latest earnings on Wednesday, May 2, 2012. Pioneer Natural Resources is an oil and gas exploration and production company operating in the United States, South Africa, and Tunisia.

Pioneer Natural Resources Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average analyst estimate is for profit of $1.20 per share, a rise of 76.5% from the company’s actual earnings for the year-ago quarter. During the past three months, the average estimate has moved up from $1.11. Between one and three months ago, the average estimate moved up. It has risen from $1.12 during the last month. For the year, analysts are projecting net income of $5.59 per share, a rise of 0.7% 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 20 cents, reporting profit of $1.21 per share against a mean estimate of net income of $1.01 per share.

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Wall St. Revenue Expectations: Analysts are projecting a rise of 41.3% in revenue from the year-earlier quarter to $747.5 million.

Analyst Ratings: Of the 23 analysts surveyed, 16 (69.6%) rate Pioneer Natural Resources a buy. This is below the mean analyst rating of 10 competitors, which average 74.8% buy ratings.

A Look Back: In the fourth quarter of the last fiscal year, the company swung to a loss of $111.1 million (97 cents a share) from a profit of $80.3 million (65 cents) a year earlier, but beat analyst expectations. Revenue rose 66.5% to $602.5 million from $361.9 million.

Key Stats:

On the top line, the company is looking to build on three-straight revenue increases heading into this earnings announcement. Revenue increased 26.4% in the second quarter of the last fiscal year and 29.5% in the third quarter of the last fiscal year before climbing again in the fourth quarter of the last fiscal year of the last fiscal year.

Stock Price Performance: Between January 31, 2012 and April 26, 2012, the stock price rose $16.38 (16.5%), from $99.26 to $115.64. The stock price saw one of its best stretches over the last year between June 24, 2011 and July 7, 2011, when shares rose for nine straight days, increasing 9.6% (+$8.06) over that span. It saw one of its worst periods between April 2, 2012 and April 11, 2012 when shares fell for seven straight days, dropping 7.5% (-$8.46) over that span.

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

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