S&P 500 (NYSE:SPY) component SCANA Corp (NYSE:SCG) will unveil its latest earnings on Thursday, August 4, 2011. SCANA Corporation is engaged in the generation and sale of electricity and in the purchase, sale and transportation of natural gas to its customers. It also conducts other energy-related businesses and provides fiber optic communications in South Carolina. CenterPoint Energy, Inc. Second Quarter Earnings Sneak Peek>>
SCANA Corp Earnings Preview Cheat Sheet
Wall St. Earnings Expectations: The average estimate of analysts is for profit of 49 cents per share, a rise of 14% 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 50 cents. Between one and three months ago, the average estimate moved down, but has risen from 48 cents during the last month. For the year, analysts are projecting net income of $3.07 per share, a rise of 3% from 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 one cent, reporting profit of $1 per share against a mean estimate of net income of 99 cents. In the fourth quarter of the last fiscal year, the company exceeded forecasts by one cent with profit of 74 cents versus a mean estimate of net income of 73 cents.
Wall St. Revenue Expectations: On average, analysts predict $917.5 million in revenue this quarter, a decline of 2.3% from the year ago quarter. Analysts are forecasting total revenue of $4.61 billion for the year, a rise of 0.2% from last year’s revenue of $4.6 billion.
Analyst Ratings: Analysts are bullish on this stock with eight analysts rating it as a buy, one rating it as a sell and two rating it as a hold.
A year-over-year revenue decrease in the first quarter snaps a streak of three consecutive quarters of revenue increases. Revenue fell 10.3% in the first quarter and rose 4.8%in the fourth quarter of the last fiscal year, 18.1% in the third quarter of the last fiscal year and 6.9% in the second quarter of the last fiscal year.
The company has now been profitable for the last eight quarters, and for the last four, profit has risen year over year by an average of 2.8%. The quarter with the biggest boost was the fourth quarter of the last fiscal year, which saw an 18.8% surge.
Competitors to Watch: Dominion Resources, Inc. (NYSE:D), CenterPoint Energy, Inc. (NYSE:CNP), OGE Energy Corp. (NYSE:OGE), Integrys Energy Group, Inc. (NYSE:TEG), Avista Corporation (NYSE:AVA), The Empire District Electric Co. (NYSE:EDE), Wisconsin Energy Corp. (NYSE:WEC), CMS Energy Corporation (NYSE:CMS), TECO Energy, Inc. (NYSE:TE), and Unitil Corporation (NYSE:UTL).
Stock Price Performance: During May 4, 2011 to July 29, 2011, the stock price had fallen $1.66 (-4.1%) from $40.85 to $39.19. The stock price saw one of its best stretches over the last year between June 23, 2011 and July 1, 2011 when shares rose for seven-straight days, rising 3.5% (+$1.33) over that span. It saw one of its worst periods between July 21, 2011 and July 29, 2011 when shares fell for seven-straight days, falling 4.3% (-$1.78) over that span. Shares are down 43 cents (-1.1%) year to date.
(Source: Xignite Financials)