Public Service Enterprise Group Inc. Third Quarter Earnings Sneak Peek

S&P 500 (NYSE:SPY) component Public Service Enterprise Group Inc. (NYSE:PEG) will unveil its latest earnings on Tuesday, November 1, 2011. Public Service Enterprise Group primarily operates as a wholesale energy supply company with nuclear, coal, gas, and oil-fired generation facilities.

Public Service Enterprise Group Inc. Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for net income of 82 cents per share, a decline of 22.6% 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 was unchanged. It also has not changed during the last month. Analysts are projecting profit to rise by 14.1% versus last year to $2.68.

Past Earnings Performance: The company is looking to make a streak of three quarters of beating estimates. Last quarter, it beat expectations by reporting profit of 59 cents per share, and the previous quarter, it had net income of 85 cents.

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Wall St. Revenue Expectations: Analysts are projecting a decline of 7.7% in revenue from the year-earlier quarter to $3 billion.

Analyst Ratings: Analysts seem relatively indifferent about Public Service Enterprise Group with seven of 13 analysts surveyed maintaining a hold rating.

A Look Back: In the second quarter, profit rose 44.2% to $323 million (63 cents a share) from $224 million (44 cents a share) the year earlier, exceeding analyst expectations. Revenue rose 0.6% to $2.47 billion from $2.46 billion.

Key Stats:

A year-over-year revenue increase in the second quarter snapped a streak of two consecutive quarters of revenue declines. Revenue fell 8.9% in the first quarter and 16.6% in the fourth quarter of the last fiscal year.

The company has now been profitable for the last eight quarters, and for the last four, profit has risen year over year by an average of 12.1%. The quarter with the biggest boost was the most recent quarter, which saw a 44.2% surge.

Competitors to Watch: FirstEnergy Corp. (NYSE:FE), Exelon Corporation (NYSE:EXC), Pepco Holdings, Inc. (NYSE:POM), Consolidated Edison, Inc. (NYSE:ED), The Southern Company (NYSE:SO), Xcel Energy Inc. (NYSE:XEL), Genon Energy Inc (NYSE:GEN), Constellation Energy Group, Inc. (NYSE:CEG), CH Energy Group, Inc. (NYSE:CHG), and PPL Corporation (NYSE:PPL).

Stock Price Performance: During August 2, 2011 to October 26, 2011, the stock price had risen $2.40 (7.5%) from $31.91 to $34.31. The stock price saw one of its best stretches over the last year between April 25, 2011 and May 4, 2011 when shares rose for eight-straight days, rising 4.9% (+$1.49) over that span. It saw one of its worst periods between July 26, 2011 and August 4, 2011 when shares fell for eight-straight days, falling 9.1% (-$2.99) over that span. Shares are up $3.50 (+11.4%) year to date.

(Source: Xignite Financials)

Investing Insights: Here’s Why Chipotle’s Stock Keeps Winning.