Spectra Energy Corp Third Quarter Earnings Sneak Peek

S&P 500 (NYSE:SPY) component Spectra Energy Corp (NYSE:SE) will unveil its latest earnings on Thursday, November 3, 2011. 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 net income of 39 cents per share, a rise of 25.8% 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 38 cents. Between one and three months ago, the average estimate was unchanged. It has risen during the last month. Analysts are projecting profit to rise by 14.6% versus last year to $1.80.

Past Earnings Performance: Last quarter, the company reported profit of 42 cents per share versus a mean estimate of net income of. The company has beaten estimates for the past three quarters.

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Wall St. Revenue Expectations: Analysts are projecting a rise of 8.5% in revenue from the year-earlier quarter to $1.15 billion.

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

A Look Back: In the second quarter, profit rose 63.2% to $284 million (44 cents a share) from $174 million (27 cents a share) the year earlier, exceeding analyst expectations. Revenue rose 11.8% to $1.19 billion from $1.06 billion.

Key Stats:

Revenue has risen the past four quarters. Revenue rose 8.9% in the first quarter from the year earlier, climbed 6.5% in the fourth quarter of the last fiscal year from the year-ago quarter and 9.2% in the third quarter of the last fiscal year.

The increase in profit in the second quarter came after net income fell in the previous quarter. In the first quarter, net income fell 0.3%.

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 September 30, 2011 to October 28, 2011, the stock price had risen $4.64 (18.9%) from $24.53 to $29.17. The stock price saw one of its best stretches over the last year between April 18, 2011 and April 29, 2011 when shares rose for nine-straight days, rising 7.5% (+$1.99) 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% (-65 cents) over that span. Shares are up $4.91 (+20.2%) year to date.

(Source: Xignite Financials)

Investing Insights: Here’s Why Chipotle’s Stock Keeps Winning.