SCANA Corp Third Quarter Earnings Sneak Peek

S&P 500 (NYSE:SPY) component SCANA Corp (NYSE:SCG) will unveil its latest earnings on Wednesday, October 26, 2011. 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.
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SCANA Corp Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for profit of 77 cents per share, a decline of 2.5% 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 79 cents. Between one and three months ago, the average estimate moved down. It has been unchanged at 77 cents during the last month. For the year, analysts are projecting net income of $3.05 per share, a rise of 2.3% from last year.

Past Earnings Performance: The company missed estimates last quarter after beating forecasts in the prior two. In the second quarter, the company reported profit of 43 cents per share versus a mean estimate of net income of 48 cents per share. In the first quarter, the company beat estimates by one cent.

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Wall St. Revenue Expectations: Analysts are projecting a decline of 0.9% in revenue from the year-earlier quarter to $1.08 billion.

Analyst Ratings: Analysts are bullish on this stock with eight analysts rating it as a buy, one rating it as a sell and three rating it as a hold.

A Look Back: In the second quarter, profit rose 3.7% to $56 million (43 cents a share) from $54 million (43 cents a share) the year earlier, but fell short analyst expectations. Revenue rose 6.5% to $1 billion from $939 million.

Key Stats:

The company has seen net income rise in three straight quarters. Net income rose 0.8% in the first quarter and 18.8% in the fourth quarter of the last fiscal year.

Revenue rose in the second quarter after seeing a drop the quarter before. In the first quarter, revenue fell 10.3%.

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 July 27, 2011 to October 20, 2011, the stock price had risen $2.57 (6.5%) from $39.34 to $41.91. 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 3.4% (+$1.31) over that span. It saw one of its worst periods between July 21, 2011 and August 2, 2011 when shares fell for nine-straight days, falling 6.4% (-$2.58) over that span. Shares are up $2.78 (+7.1%) year to date.

(Source: Xignite Financials)

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