SCANA Corp First Quarter Earnings Sneak Peek

S&P 500 (NYSE:SPY) component SCANA Corp (NYSE:SCG) will unveil its latest earnings on Thursday, May 3, 2012. SCANA is engaged in the generation and sale of electricity, as well as in the purchase, sale and transportation of natural gas to its customers. It conducts other energy-related businesses and provides fiber optic communications in South Carolina. .

SCANA Corp Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for net income of $1.03 per share, a rise of 3% 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 $1.12. Between one and three months ago, the average estimate moved down. It also has dropped from $1.09 during the last month. Analysts are projecting profit to rise by 5.7% compared to last year’s $3.14.

Past Earnings Performance: Last quarter, the company fell short of estimates by 5 cents, coming in at profit of 75 cents per share against a mean estimate of net income of 79 cents. The company topped expectations in the third quarter of the last fiscal year.

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Wall St. Revenue Expectations: Analysts predict a decline of 3.1% in revenue from the year-earlier quarter to $1.24 billion.

Analyst Ratings: Analysts are optimistic about this stock, with six analysts rating it as a buy, one rating it as a sell and four rating it as a hold.

A Look Back: In the fourth quarter of the last fiscal year, profit rose 3.2% to $98 million (74 cents a share) from $95 million (74 cents a share) the year earlier, but fell short analyst expectations. Revenue fell 9.7% to $1.03 billion from $1.15 billion.

Key Stats:

This upcoming earnings announcement will be a chance to build on positive earnings momentum over the last three quarters. Net income rose 3.7% in the second quarter of the last fiscal year and 4% in the third quarter of the last fiscal year before increasing again in the fourth quarter of the last fiscal year.

On the top line, the company is looking to get back on the right track after last quarter’s drop snapped a string of revenue increases. Revenue rose 0.4% in the third quarter of the last fiscal year and 6.5% in the second quarter of the last fiscal year before falling in the fourth quarter of the last fiscal year.

Stock Price Performance: Between March 1, 2012 and April 27, 2012, the stock price had risen $1.89 (4.3%), from $44.23 to $46.12. The stock price saw one of its best stretches over the last year between March 21, 2012 and March 29, 2012, when shares rose for seven straight days, increasing 2.7% (+$1.21) over that span. It saw one of its worst periods between March 29, 2012 and April 11, 2012 when shares fell for nine straight days, dropping 3.6% (-$1.65) over that span.

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

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