Shares of These 2 Energy Companies are Spiking Before Earnings

DTE Energy Company (NYSE:DTE) will unveil its latest earnings on Friday, November 4, 2011. The average estimate of analysts is for net income of 98 cents per share, a rise of 2.1% 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 99 cents. Between one and three months ago, the average estimate was unchanged. It has since dropped over the last month. Analysts are projecting profit to rise by 0% versus last year to $3.60.

The company topped estimates last quarter after missing forecasts the quarter prior. In the second quarter, it reported profit of 65 cents per share against a mean estimate of net income of 51 cents per share. In the first quarter, it missed forecasts by 10 cents. On average, analysts predict $2.13 billion in revenue this quarter, a decline of 0.5% from the year ago quarter. Analysts are forecasting total revenue of $8.67 billion for the year, a rise of 1.3% from last year’s revenue of $8.56 billion.

Competitors to Watch: CMS Energy Corporation (NYSE:CMS), Wisconsin Energy Corp. (NYSE:WEC), Integrys Energy Group, Inc. (NYSE:TEG), The Empire District Electric Co. (NYSE:EDE), NiSource Inc. (NYSE:NI), Dominion Resources, Inc. (NYSE:D), Black Hills Corporation (NYSE:BKH), Avista Corporation (NYSE:AVA), Ameren Corporation (NYSE:AEE), and CH Energy Group, Inc. (NYSE:CHG).

Quicksilver Resources, Inc. (NYSE:KWK) will unveil its latest earnings on Monday, November 7, 2011. The average estimate of analysts is for profit of 5 cents per share, a decline of 70.6% 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 6 cents. Between one and three months ago, the average estimate moved down. It has been unchanged at 5 cents during the last month. For the year, analysts are projecting net income of 18 cents per share, a decline of 74.3% from last year.

The company topped estimates last quarter after missing forecasts the quarter prior. In the second quarter, it reported profit of 7 cents per share against a mean estimate of net income of 6 cents per share. In the first quarter, it missed forecasts by 2 cents. Analysts are projecting a decline of 6.4% in revenue from the year-earlier quarter to $222.4 million.

Competitors to Watch: Chesapeake Energy Corp. (NYSE:CHK), ConocoPhillips (NYSE:COP), Marathon Oil Corporation (NYSE:MRO), Cimarex Energy Co. (NYSE:XEC), Petrohawk Energy Corp. (NYSE:HK), Southwestern Energy Co. (NYSE:SWN), Tengasco, Inc. (AMEX:TGC), CREDO Petroleum Corp. (NASDAQ:CRED), Linn Energy, LLC (NASDAQ:LINE), and SM Energy Co. (NYSE:SM).

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