Sunoco, Inc. Second Quarter Earnings Sneak Peek

S&P 500 (NYSE:SPY) component Sunoco, Inc. (NYSE:SUN) will unveil its latest earnings on Thursday, August 4, 2011. Sunoco, Inc., through its subsidiaries, is a petroleum refiner and marketer and chemicals manufacturer. Valero Energy Earnings Cheat Sheet: Revenue Strengthens for Fifth Straight Quarter by Double-Digits>>

Sunoco, Inc. Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for net income of 61 cents per share, a decline of 53.4% from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved down from 75 cents. Between one and three months ago, the average estimate moved down and dropped from 71 cents during the last month. For the year, analysts are projecting profit of 81 cents per share, a decline of 54.7% from last year.

Past Earnings Performance: The company fell short of estimates last quarter after topping forecasts the quarter prior. In the first quarter, it reported net loss of $1.01 per share against a mean estimate of 5 cents. Two quarters ago, it beat expectations by 4 cents with net income of 11 cents.

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Wall St. Revenue Expectations: On average, analysts predict $8.75 billion in revenue this quarter, a decline of 8.8% from the year ago quarter. Analysts are forecasting total revenue of $41.4 billion for the year, a rise of 10.4% from last year’s revenue of $37.49 billion.

Analyst Ratings: Analysts seem relatively indifferent about Sunoco with 11 of 15 analysts surveyed maintaining a hold rating.

Key Stats:

Revenue has risen the past four quarters. Revenue increased 29.9% to $10.61 billion in first quarter. The figure rose 14.1% in the fourth quarter of the last fiscal year from the year earlier, climbed 7.9% in the third quarter of the last fiscal year from the year-ago quarter and 27.9% in the second quarter of the last fiscal year.

Sunoco’s loss in the latest quarter follows profits in the previous three quarters. The company reported a loss of of $101 million in the first quarter, a profit of $87 million in the fourth quarter of the last fiscal year, a profit of $65 million in the third of the last fiscal year and a profit of $145 million in the second quarter of the last fiscal year.

Competitors to Watch: Valero Energy Corporation (NYSE:VLO), Western Refining, Inc. (NYSE:WNR), Alon USA Energy, Inc. (NYSE:ALJ), Holly Corporation (NYSE:HOC), Tesoro Corporation (NYSE:TSO), Delek US Holdings, Inc. (NYSE:DK), Calumet Specialty Products Partners, L.P (NASDAQ:CLMT), Murphy Oil Corporation (NYSE:MUR), CVR Energy, Inc. (NYSE:CVI), and Frontier Oil Corporation (NYSE:FTO).

Stock Price Performance: During July 25, 2011 to July 29, 2011, the stock price had dropped $1.51 (-3.6%) from $42.16 to $40.65. The stock price saw one of its best stretches over the last year between January 20, 2011 and January 28, 2011 when shares rose for seven-straight days, rising 7.1% (+$2.85) over that span. It saw one of its worst periods between August 17, 2010 and August 26, 2010 when shares fell for eight-straight days, falling 5.6% (-$1.99) over that span. Shares are up 63 cents (+1.6%) year to date.

(Source: Xignite Financials)

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