Spectra Energy Corp Fourth Quarter Earnings Sneak Peek

S&P 500 (NYSE:SPY) component Spectra Energy Corp (NYSE:SE) will unveil its latest earnings on Thursday, February 2, 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 estimate of analysts is for profit of 49 cents per share, a rise of 4.3% 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 risen from 48 cents during the last month. Analysts are projecting profit to rise by 15.3% versus last year to $1.81.

Past Earnings Performance: The company missed estimates last quarter after beating forecasts in the prior two. In the third quarter, the company reported net income of 38 cents per share versus a mean estimate of profit of 39 cents per share. In the second quarter, the company beat estimates by 2 cents.

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Wall St. Revenue Expectations: On average, analysts predict $1.46 billion in revenue this quarter, a rise of 5.8% from the year ago quarter. Analysts are forecasting total revenue of $5.41 billion for the year, a rise of 9.5% from last year’s revenue of $4.94 billion.

Analyst Ratings: Analysts are bullish on this stock with six analysts rating it as a buy, none rating it as a sell and four rating it as a hold.

A Look Back: In the third quarter, profit rose 28.9% to $254 million (39 cents a share) from $197 million (30 cents a share) the year earlier, but fell short analyst expectations. Revenue rose 10.2% to $1.12 billion from $1.02 billion.

Key Stats:

Revenue has risen the past four quarters. Revenue rose 11.8% in the second quarter from the year earlier, climbed 8.9% in the first quarter from the year-ago quarter and 6.5% 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 34.5%. The quarter with the biggest boost was the second quarter, which saw a 63.2% surge.

Competitors to Watch: Southern Union Company (NYSE:SUG), El Paso Corporation (NYSE:EP), Spectra Energy Partners, LP (NYSE:SEP), Sempra Energy (NYSE:SRE), Enterprise Products Partners L.P. (NYSE:EPD), Duncan Energy Partners L.P. (NYSE:DEP), Kinder Morgan Energy Partners LP (NYSE:KMP), DCP Midstream Partners, LP (NYSE:DPM), Copano Energy, L.L.C. (NASDAQ:CPNO), and TC Pipelines, LP (NASDAQ:TCLP).

Stock Price Performance: During October 31, 2011 to January 27, 2012, the stock price had risen $3.27 (11.5%) from $28.36 to $31.63. The stock price saw one of its best stretches over the last year between April 18, 2011 and April 27, 2011 when shares rose for seven-straight days, rising 6.6% (+$1.73) 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, falling 2.4% (-64 cents) over that span.

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

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