Sempra Energy Third Quarter Earnings Sneak Peek

S&P 500 (NYSE:SPY) component Sempra Energy (NYSE:SRE) will unveil its latest earnings on Thursday, November 3, 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 $1.21 per share, a rise of 15.2% from the company’s actual earnings for the same quarter a year ago. The average estimate is the same as three months ago. Between one and three months ago, the average estimate was unchanged. It also has not changed during the last month. Analysts are projecting profit to rise by 7.4% versus last year to $4.22.

Past Earnings Performance: Last quarter, the company missed estimates by 3 cents, coming in at profit of 97 cents per share versus a mean estimate of net income of $1 per share. In the first quarter, the company beat estimates by 5 cents.

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Wall St. Revenue Expectations: On average, analysts predict $2.06 billion in revenue this quarter, a decline of 2.8% from the year ago quarter. Analysts are forecasting total revenue of $9.31 billion for the year, a rise of 3.4% from last year’s revenue of $9 billion.

Analyst Ratings: Analysts seem relatively indifferent about Sempra Energy with six of 10 analysts surveyed maintaining a hold rating.

A Look Back: In the second quarter, profit rose more than twofold to $514 million ($2.12 a share) from $225 million (89 cents a share) the year earlier, but fell short analyst expectations. Revenue rose 20.6% to $2.42 billion from $2.01 billion.

Key Stats:

A year-over-year revenue increase in the second quarter snapped a streak of two consecutive quarters of revenue declines. Revenue fell 3.9% in the first quarter and 4.5% in the fourth 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 52%. The quarter with the biggest boost was the first quarter, which saw a more than twofold surge.

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 August 4, 2011 to October 28, 2011, the stock price had risen $6.69 (14.1%) from $47.46 to $54.15. 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, rising 6.3% (+$3.21) 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% (-$3.17) over that span. Shares are up $3.11 (+6.1%) year to date.

(Source: Xignite Financials)

Investing Insights: Here’s Why Chipotle’s Stock Keeps Winning.