S&P 500 (NYSE:SPY) component Scana (NYSE:SCG) will unveil its latest earnings on Thursday, August 2, 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 Earnings Preview Cheat Sheet
Wall St. Earnings Expectations: The average estimate of analysts is for net income 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 up from 47 cents. Between one and three months ago, the average estimate moved up. It has dropped from 50 cents during the last month. Analysts are projecting profit to rise by 5.4% versus last year to $3.13.
Past Earnings Performance: The company has missed estimates in the last two quarters. In the first quarter, it missed the mark by 10 cents as a result of reporting profit of 92 cents against an estimate of net income of $1.02 per share. In the fourth quarter of the last fiscal year, the company fell short of forecasts by 4 cents.
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Wall St. Revenue Expectations: Analysts predict a decline of 9.1% in revenue from the year-earlier quarter to $909 million.
Stock Price Performance: Between May 2, 2012 and July 27, 2012, the stock price rose $3.49 (7.6%), from $45.97 to $49.46. 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.
A Look Back: In the first quarter, profit fell 5.5% to $121 million (91 cents a share) from $128 million ($1 a share) the year earlier, missing analyst expectations. Revenue fell 13.6% to $1.11 billion from $1.28 billion.
The company is looking to get back on track with this earnings announcement after a profit drop last quarter snapped a positive string of results. Net income rose 3.7% in the second quarter of the last fiscal year, 4% in the third quarter of the last fiscal year and 3.2% in the fourth quarter of the last fiscal year before declining in the first quarter.
On the top line, the company is hoping to use this earnings announcement to snap a string of two-straight quarters of revenue declines. Revenue fell 9.7% in the fourth quarter of the last fiscal year and dropped again in the first quarter.
Balance Sheet Analysis: The company’s current ratio of assets to liabilities came in at 1.01 last quarter. The current ratio is an indication of a firm’s liquidity and ability to meet creditor demands and generally, for every dollar the company owes in the short term, it has that figure available in assets that can be converted to cash in the short term.
Analyst Ratings: There are mostly holds on the stock with five of nine analysts surveyed giving that rating.
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(Company fundamentals by Xignite Financials. Earnings estimates provided by Zacks)
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