Rex Energy Corp Fourth Quarter Earnings Sneak Peek

Rex Energy Corporation (NASDAQ:REXX) will unveil its latest earnings on Tuesday, February 21, 2012. Rex Energy is an independent energy company that is engaged in the acquisition, production, exploration and development of oil and gas, with properties primarily in the Appalachian and Illinois regions.

Rex Energy Corporation Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for profit of 7 cents per share, a swing from net loss of 2 cents in the year-earlier quarter. 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. For the year, analysts are projecting net income of 36 cents per share, a swing from a loss of 3 cents last year.

Past Earnings Performance: The company has beaten estimates the last two quarters and is coming off a quarter where it topped the forecasts by 7 cents, reporting profit of 14 cents per share against a mean estimate of net income of 7 cents. In the second quarter, the company exceeded forecasts by 4 cents with profit of 8 cents versus a mean estimate of net income of 4 cents.

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Wall St. Revenue Expectations: Analysts are projecting a rise of 74.9% in revenue from the year-earlier quarter to $32.8 million.

Analyst Ratings: Analysts are optimistic about this stock, with 10 analysts rating it as a buy, none rating it as a sell and four rating it as a hold.

A Look Back: In the third quarter, the company swung to a loss of $8.2 million (18 cents a share) from a profit of $9.6 million (22 cents) a year earlier, but beat analyst expectations. Revenue rose 82.9% to $30.8 million from $16.9 million.

Key Stats:

The company has enjoyed double-digit year-over-year percentage revenue growth for the past four quarters. Over that span, the company has averaged growth of 59%, with the biggest boost coming in the second quarter when revenue rose 85.8% from the year earlier quarter.

Stock Price Performance: Between November 17, 2011 and February 15, 2012, the stock price fell $5.87 (-36.5%), from $16.10 to $10.23. The stock price saw one of its best stretches over the last year between February 16, 2011 and February 28, 2011, when shares rose for eight straight days, increasing 16.1% (+$1.75) over that span. It saw one of its worst periods between September 27, 2011 and October 4, 2011 when shares fell for six straight days, dropping 16.5% (-$2.29) 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