Sempra Energy Second Quarter Earnings Sneak Peek

S&P 500 (NYSE:SPY) component Sempra Energy (NYSE:SRE) will unveil its latest earnings on Tuesday, August 9, 2011. 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 estimate of analysts is for net income of $1 per share, a rise of 12.4% 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 99 cents. For the year, analysts are projecting profit of $4.21 per share, a rise of 7.1% from last year.

Past Earnings Performance: The company is looking to top estimates for the third straight quarter. Last quarter, it reported net income of $1.07 per share against a mean estimate of profit of $1.02, and the quarter before, the company exceeded forecasts by 24 cents with net income of $1.18 versus a mean estimate of profit of 94 cents.

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Wall St. Revenue Expectations: On average, analysts predict $2.07 billion in revenue this quarter, a rise of 3% from the year ago quarter. Analysts are forecasting total revenue of $8.99 billion for the year, a decline of 0.1% from last year’s revenue of $9 billion.

Analyst Ratings: Analysts seem relatively indifferent about Sempra Energy with five of nine analysts surveyed maintaining a hold rating.

Key Stats:

The increase in profit in the first quarter breaks a streak of two consecutive quarters of year-over-year profit decreases. In the first quarter, net income rose more than twofold, while the figure dropped 2.7% in the fourth quarter of the last fiscal year and 58.3% in the third quarter of the last fiscal year.

Revenue has fallen in the past two quarters. In first quarter, revenue declined 3.9% to $2.43 billion from the year earlier quarter. In the fourth quarter of the last fiscal year, the figure fell 4.5%.

Competitors to Watch: MDU Resources Group, Inc. (NYSE:MDU), PG&E Corporation (NYSE:PCG), Northwest Natural Gas (NYSE:NWN), Southwest Gas Corporation (NYSE:SWX), Energy Incorporated (AMEX:EGAS), Dominion Resources, Inc. (NYSE:D), Vectren Corporation (NYSE:VVC), and ACEGAS-APS (NYSE:AEG).

Stock Price Performance: During May 9, 2011 to August 3, 2011, the stock price had fallen $4.84 (-8.9%) from $54.52 to $49.68. The stock price saw one of its best stretches over the last year between December 21, 2010 and December 31, 2010 when shares rose for eight-straight days, rising 1.1% (+57 cents) 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 6.1% (-$3.20) over that span. Shares are down $1.85 (-3.6%) year to date.

(Source: Xignite Financials)

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