Spectra Energy Earnings: What Investors Should Watch
Spectra Energy (NYSE:SE) will report earnings before markets open on Friday, May 3rd. Spectra Energy Corporation transmits, stores, distributes, gathers, and processes natural gas. The Company provides transportation and storage of natural gas to customers in various regions of the northeastern and southeastern United States, the Maritime Provinces in Canada and the Pacific Northwest in the United States and Canada, and the province of Ontario, Canada.
Here is your Cheat Sheet to Spectra Energy Earnings:
Earnings Expectations: Analysts expect earnings of $0.48 per share on revenues of $1.55 billion. Currently, the company’s P/E ratio stands at 21.88.
Analysts have a more negative outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has fallen from a profit of $0.33 to a profit $0.32. For the current year, the average estimate is a profit of $1.51, which is worse than the estimate ninety days ago.
Here’s how Spectra Energy has been performing on an annual basis:
|Revenue ($) in millions||5,074||4,552||4,945||5,351||5,075|
|Diluted EPS ($)||1.81||1.32||1.61||1.81||1.43|
Next, our CHEAT SHEET investing framework asks us to drill down to the recent quarterly data:
|Quarter||Dec. 31, 2011||Mar. 31, 2012||Jun. 30, 2012||Sep. 30, 2012||Dec. 31, 2012|
|Revenue ($) in millions||1,428||1,544||1,112||1,072||1,347|
|Diluted EPS ($)||0.4405||0.51||0.33||0.27||0.3232|
Spectra Energy has missed analyst estimates 3 times in the past four quarters. Shareholders could expect a bust if the company misses estimates.
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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)