Southwestern Energy Company First Quarter Earnings Sneak Peek

S&P 500 (NYSE:SPY) component Southwestern Energy Company (NYSE:SWN) will unveil its latest earnings on Thursday, May 3, 2012. Southwestern Energy is an independent energy company that, through its subsidiaries, explores, develops and produces natural gas and crude oil.

Southwestern Energy Company Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average analyst estimate is for profit of 32 cents per share, a decline of 17.9% from the company’s actual earnings for the year-ago quarter. During the past three months, the average estimate has moved down from 42 cents. Between one and three months ago, the average estimate moved down. It also has dropped from 34 cents during the last month. Analysts are projecting profit to rise by 30.2% compared to last year’s $1.27.

Past Earnings Performance: The company fell short of estimates last quarter after being in line with forecasts the quarter prior. In the fourth quarter of the last fiscal year, it reported net income of 45 cents per share versus a mean estimate of 48 cents. Two quarters ago, it reported profit of 50 cents per share.

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Wall St. Revenue Expectations: Analysts predict a decline of 11.1% in revenue from the year-earlier quarter to $601.5 million.

Analyst Ratings: Analysts seem relatively indifferent about Southwestern Energy Company with 13 of 24 analysts surveyed maintaining a hold rating.

A Look Back: In the fourth quarter of the last fiscal year, profit rose 6% to $158.5 million (45 cents a share) from $149.5 million (43 cents a share) the year earlier, but fell short analyst expectations. Revenue rose 11% to $744.1 million from $670.4 million.

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 37.2% in the second quarter of the last fiscal year and 9% 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 four-straight revenue increases heading into this earnings announcement. Revenue rose 1.2% in the first quarter of the last fiscal year, 29.7% in the second quarter of the last fiscal year and 12.5% in the third quarter of the last fiscal year before increasing again in the fourth quarter of the last fiscal year of the last fiscal year.

Stock Price Performance: Between March 1, 2012 and April 27, 2012, the stock price had fallen $3.19 (-9.5%), from $33.70 to $30.51. The stock price saw one of its best stretches over the last year between February 1, 2012 and February 16, 2012, when shares rose for 12 straight days, increasing 17.1% (+$5.19) over that span. It saw one of its worst periods between July 22, 2011 and August 8, 2011 when shares fell for 12 straight days, dropping 29.2% (-$14.33) over that span.

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

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