Sempra Energy First Quarter Earnings Sneak Peek

S&P 500 (NYSE:SPY) component Sempra Energy (NYSE:SRE) will unveil its latest earnings on Thursday, May 3, 2012. Sempra Energy is an energy services holding company. With its subsidiaries, the company provides electric, natural gas and other energy-rated products and services worldwide. It also focuses on developing energy infrastructure and operating utilities. .

Sempra Energy Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average analyst estimate is for profit of 96 cents per share, a decline of 10.3% from the company’s actual earnings for the year-ago quarter. During the past three months, the average estimate has moved down from $1.03. Between one and three months ago, the average estimate moved down. It has risen from 95 cents during the last month. Analysts are projecting profit to rise by 7.2% versus last year to $4.15.

Past Earnings Performance: The company is looking to beat analyst estimates for the third quarter in a row. Last quarter, it beat estimates with net income of $1.21 per share against the mean estimate of $1.07. In the prior quarter, the company reported profit of $1.22.

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Wall St. Revenue Expectations: On average, analysts predict $2.33 billion in revenue this quarter, a decline of 4.1% from the year-ago quarter. Analysts are forecasting total revenue of $9.83 billion for the year, a decline of 2.1% from last year’s revenue of $10.04 billion.

Analyst Ratings: Analysts are optimistic about this stock, with four analysts rating it as a buy, none rating it as a sell and three rating it as a hold. Over the past 90 days, the average rating for the stock has moved up from hold to moderate buy.

A Look Back: In the fourth quarter of the last fiscal year, profit rose 3.9% to $294 million ($1.22 a share) from $283 million ($1.14 a share) the year earlier, exceeding analyst expectations. Revenue rose 11% to $2.6 billion from $2.35 billion.

Key Stats:

After experiencing income increases the last three quarters, the company is hoping to keep the good news coming with this earnings announcement. Net income rose more than twofold in the second quarter of the last fiscal year and more than twofold 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 build on three-straight revenue increases heading into this earnings announcement. Revenue increased 20.6% in the second quarter of the last fiscal year and 21.7% in the third quarter of the last fiscal year before climbing again in the fourth quarter of the last fiscal year of the last fiscal year.

Stock Price Performance: Between February 1, 2012 and April 27, 2012, the stock price rose $7.59 (13.3%), from $57.21 to $64.80. The stock price saw one of its best stretches over the last year between October 12, 2011 and October 21, 2011, when shares rose for eight straight days, increasing 6.3% (+$3.15) 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, dropping 6.1% (-$3.11) over that span.

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

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