S&P 500 (NYSE:SPY) component Sunoco, Inc. (NYSE:SUN) will unveil its latest earnings on Wednesday, May 2, 2012. Sunoco, through its subsidiaries, is a petroleum refiner and marketer and chemicals manufacturer.
Sunoco, Inc. Earnings Preview Cheat Sheet
Wall St. Earnings Expectations: The average estimate of analysts is for the company to break even after the company reported net loss of $1.01 per share in the year-earlier quarter. During the past three months, the average estimate has moved down from one cent. Between one and three months ago, the average estimate moved up. It has dropped from 14 cents during the last month. For the year, analysts are projecting profit of $1.11 per share, a spike from a loss of 3 cents last year.
Past Earnings Performance: Last quarter, the company topped expectations by 32 cents, coming in at net income of 5 cents per share versus a mean estimate of net loss of 27 cents per share. This followed two straight quarters of missing estimates.
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Wall St. Revenue Expectations: Analysts predict a decline of 38.9% in revenue from the year-earlier quarter to $6.5 billion.
Analyst Ratings: Analysts seem relatively indifferent about Sunoco with five of eight analysts surveyed maintaining a hold rating.
A Look Back: In the fourth quarter of the last fiscal year, the company swung to a loss of $362 million ($3.40 a share) from a profit of $87 million (73 cents) a year earlier, but beat analyst expectations. Revenue rose 24% to $12.66 billion from $10.21 billion.
With double-digit revenue growth the past four quarters, this earnings release is a chance to keep that positive trend going. The company has averaged year-over-year revenue growth of 27.4% over the last four quarters.
Stock Price Performance: Between January 31, 2012 and April 26, 2012, the stock price rose $2.47 (6.5%), from $38.16 to $40.63. The stock price saw one of its best stretches over the last year between November 21, 2011 and November 30, 2011, when shares rose for seven straight days, increasing 9.2% (+$3.25) over that span. It saw one of its worst periods between July 21, 2011 and August 8, 2011 when shares fell for 13 straight days, dropping 29.9% (-$12.65) over that span.
(Company fundamentals by Xignite Financials. Earnings estimates provided by Zacks)
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