Southwestern Energy Company Third Quarter Earnings on Deck

S&P 500 (NYSE:SPY) component Southwestern Energy Company (NYSE:SWN) will unveil its latest earnings on Thursday, October 27, 2011. 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 estimate of analysts is for net income of 51 cents per share, a rise of 10.9% 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 46 cents. Between one and three months ago, the average estimate moved up. It has been unchanged at 51 cents during the last month. Analysts are projecting profit to rise by 9.2% versus last year to $1.89.

Past Earnings Performance: The company topped forecasts last quarter after being in line with estimates the quarter prior. In the second quarter, it reported profit of 48 cents per share versus a mean estimate of 43 cents. Two quarters ago, it reported net income of 39 cents per share.

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Wall St. Revenue Expectations: Analysts are projecting a rise of 57.3% in revenue from the year-earlier quarter to $766.1 million.

Analyst Ratings: 14 out of 26 analysts surveyed (53.8%) have a buy rating on Southwestern Energy Company.. This is below the mean analyst rating of 10 competitors, which average 67.2% buy ratings.

A Look Back: In the second quarter, profit rose 37.2% to $167.5 million (48 cents a share) from $122.1 million (35 cents a share) the year earlier, exceeding analyst expectations. Revenue rose 29.7% to $765.2 million from $589.9 million.

Key Stats:

Revenue has risen the past four quarters. Revenue rose 1.2% in the first quarter from the year earlier, climbed 7.4% in the fourth quarter of the last fiscal year from the year-ago quarter and 35.6% in the third quarter of the last fiscal year.

The increase in profit in the second quarter broke a streak of two consecutive quarters of year-over-year profit decreases. The figure dropped 20.5% in the first quarter and 5.3% in the fourth quarter of the last fiscal year.

Competitors to Watch: Marathon Oil Corporation (NYSE:MRO), Williams Companies, Inc. (NYSE:WMB), Questar Corporation (NYSE:STR), Chevron Corporation (NYSE:CVX), Exxon Mobil Corporation (NYSE:XOM), EQT Corporation (NYSE:EQT), Hess Corp. (NYSE:HES), ConocoPhillips (NYSE:COP), Double Eagle Petroleum Co. (NASDAQ:DBLE), and Occidental Petroleum Corp. (NYSE:OXY).

Stock Price Performance: During September 23, 2011 to October 21, 2011, the stock price had risen $6.34 (18.7%) from $33.91 to $40.25. The stock price saw one of its best stretches over the last year between March 10, 2011 and March 25, 2011 when shares rose for 12-straight days, rising 20.4% (+$7.37) 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, falling 29.2% (-$14.33) over that span. Shares are up $2.82 (+7.5%) year to date.

(Source: Xignite Financials)

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