QEP Resources, Inc. Third Quarter Earnings Sneak Peek

S&P 500 (NYSE:SPY) component QEP Resources, Inc. (NYSE:QEP) will unveil its latest earnings on Tuesday, October 25, 2011. QEP Resources is an energy company that explores and develops natural gas, oil and natural gas liquids.

QEP Resources, Inc. Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for net income of 38 cents per share, a rise of 18.8% 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 37 cents. Between one and three months ago, the average estimate moved up. It has been unchanged at 38 cents during the last month. For the year, analysts are projecting profit of $1.53 per share, a rise of 24.4% from last year.

Past Earnings Performance: Last quarter, the company topped estimates by 0 cents, coming in at net income of 42 cents per share against a mean estimate of profit of 33 cents. The company fell in line with estimates in the first quarter.

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Wall St. Revenue Expectations: Analysts are projecting a rise of 16.9% in revenue from the year-earlier quarter to $660.3 million.

Analyst Ratings: Analysts are bullish on this stock with 10 analysts rating it as a buy, none rating it as a sell and one rating it as a hold.

A Look Back: In the second quarter, profit rose 2.2% to $92.8 million (52 cents a share) from $90.8 million (51 cents a share) the year earlier, exceeding analyst expectations. Revenue rose 48.1% to $784.1 million from $529.6 million.

Key Stats:

Revenue rose in the second quarter after seeing a drop the quarter before. In the first quarter, revenue fell 7.2%.

Competitors to Watch: Questar Corporation (NYSE:STR), GeoResources, Inc. (NASDAQ:GEOI), Warren Resources, Inc. (NASDAQ:WRES), Continental Resources, Inc. (NYSE:CLR), Chevron Corporation (NYSE:CVX), Oasis Petroleum Inc. (NYSE:OAS), Gastar Exploration Ltd. (AMEX:GST), Encore Energy Partners LP (NYSE:ENP), Devon Energy Corporation (NYSE:DVN), and Double Eagle Petroleum Co. (NASDAQ:DBLE).

Stock Price Performance: During July 26, 2011 to October 19, 2011, the stock price had fallen $12.62 (-28%) from $45.13 to $32.51. 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, rising 7.8% (+$3.08) over that span. It saw one of its worst periods between March 3, 2011 and March 10, 2011 when shares fell for six-straight days, falling 3.3% (-$1.27) over that span. Shares are down $3.74 (-10.3%) year to date.

(Source: Xignite Financials)

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