Qep Res Inc Com Fourth Quarter Earnings Sneak Peek

S&P 500 (NYSE:SPY) component Qep Res Inc Com (NYSE:QEP) will unveil its latest earnings on Wednesday, February 22, 2012. QEP Resources is an energy company that explores and develops natural gas, oil and natural gas liquids.

Qep Res Inc Com Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average analyst estimate is for net income of 44 cents per share, a rise of 76% from the company’s actual earnings for the year-ago quarter. During the past three months, the average estimate has moved up from 41 cents. Between one and three months ago, the average estimate moved up. It has risen from 43 cents during the last month. Analysts are projecting profit to rise by 31.7% versus last year to $1.62.

Past Earnings Performance: Last quarter, the company beat estimates by 8 cents, coming in at profit of 47 cents per share against an estimate of net income of. The company also topped expectations in the second quarter.

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Wall St. Revenue Expectations: Analysts are projecting a rise of 32.7% in revenue from the year-earlier quarter to $759.3 million.

Analyst Ratings: Analysts are high on the stock, with 11 analysts rating it as a buy, none rating it as a sell and two rating it as a hold.

A Look Back: In the third quarter, profit rose 42.8% to $101.5 million (57 cents a share) from $71.1 million (40 cents a share) the year earlier, exceeding analyst expectations. Revenue rose 51% to $852.4 million from $564.6 million.

Key Stats:

The company’s revenue has increased for two consecutive quarters. In the second quarter, the figure rose 48.1%.

Stock Price Performance: From January 19, 2012 to February 16, 2012, the stock price rose $4.67 (17%), from $27.45 to $32.12. The stock price saw one of its best stretches over the last year between June 22, 2011 and July 1, 2011, when shares rose for eight straight days, increasing 7.8% (+$3.07) over that span. It saw one of its worst periods between November 15, 2011 and November 25, 2011 when shares fell for eight straight days, dropping 16.2% (-$5.58) over that span.

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

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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