Spectra Energy Corp First Quarter Earnings Sneak Peek

S&P 500 (NYSE:SPY) component Spectra Energy Corp (NYSE:SE) will unveil its latest earnings on Friday, May 4, 2012. Spectra Energy, through its subsidiaries and equity affiliates, owns and operates natural gas-related energy assets.

Spectra Energy Corp Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average analyst estimate is for profit of 53 cents per share, a decline of 1.9% from the company’s actual earnings for the year-ago quarter. During the past three months, the average estimate has moved down from 57 cents. Between one and three months ago, the average estimate moved down. It also has dropped from 55 cents during the last month. Analysts are projecting profit to rise by 6.2% versus last year to $1.88.

Past Earnings Performance: Last quarter, the company missed estimates by 6 cents, coming in at net income of 44 cents per share against an estimate of profit of. In the third quarter of the last fiscal year, the company also missed expectations.

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Wall St. Revenue Expectations: On average, analysts predict $1.62 billion in revenue this quarter, a rise of 0.6% from the year-ago quarter. Analysts are forecasting total revenue of $5.7 billion for the year, a rise of 6.5% from last year’s revenue of $5.35 billion.

Analyst Ratings: Analysts are optimistic about this stock, with six analysts rating it as a buy, none rating it as a sell and five rating it as a hold.

A Look Back: In the fourth quarter of the last fiscal year, profit fell 9.7% to $289 million (44 cents a share) from $320 million (49 cents a share) the year earlier, missing analyst expectations. Revenue rose 3.3% to $1.43 billion from $1.38 billion.

Key Stats:

On the top line, the company is looking to build on four-straight revenue increases heading into this earnings announcement. Revenue rose 8.9% in the first quarter of the last fiscal year, 11.8% in the second quarter of the last fiscal year and 10.2% 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.

After last quarter’s profit drop broke a string of income increases, this earnings announcement is definitely a chance for a rebound. Net income rose 63.2% in the second quarter of the last fiscal year and 28.9% in the third quarter of the last fiscal year before dropping in the fourth quarter of the last fiscal year.

Stock Price Performance: Between March 30, 2012 and April 30, 2012, the stock price dropped 81 cents (-2.6%), from $31.55 to $30.74. The stock price saw one of its best stretches over the last year between February 15, 2012 and February 24, 2012, when shares rose for seven straight days, increasing 3.6% (+$1.10) over that span. It saw one of its worst periods between July 21, 2011 and July 29, 2011 when shares fell for seven straight days, dropping 2.4% (-64 cents) over that span.

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

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