Range Resources Corp Fourth Quarter Earnings Sneak Peek

S&P 500 (NYSE:SPY) component Range Resources Corporation (NYSE:RRC) will unveil its latest earnings on Tuesday, February 21, 2012. Range Resources is an independent natural gas company that primarily explores and develops gas properties in the Southwestern and Appalachian regions of the United States.

Range Resources Corporation Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for net income of 18 cents per share, a rise of more than fourfold from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved down from 23 cents. Between one and three months ago, the average estimate was unchanged. It has since dropped over the last month. Analysts are projecting profit to rise by 50% compared to last year’s 54 cents.

Past Earnings Performance: Last quarter, the company reported profit of 28 cents per share versus a mean estimate of net income of. The company has beaten estimates for the past three quarters.

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Wall St. Revenue Expectations: Analysts predict a rise of 27.7% in revenue from the year-earlier quarter to $314.9 million.

Analyst Ratings: Analysts seem relatively indifferent about Range Resources with 19 of 32 analysts surveyed maintaining a hold rating.

A Look Back: In the third quarter, the company swung to a profit of $34.8 million (21 cents a share) from a loss of $8.2 million (5 cents) a year earlier, beating analyst estimates. Revenue rose 24.9% to $272.2 million from $217.9 million.

Key Stats:

The company’s revenue has increased for two consecutive quarters. In the second quarter, the figure rose 23%.

Stock Price Performance: From January 18, 2012 to February 15, 2012, the stock price rose $6.74 (12%), from $56.37 to $63.11. The stock price saw one of its best stretches over the last year between June 27, 2011 and July 7, 2011, when shares rose for eight straight days, increasing 9.7% (+$5.02) over that span. It saw one of its worst periods between August 1, 2011 and August 8, 2011 when shares fell for six straight days, dropping 21.8% (-$14.41) 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