TECO Energy Inc. Fourth Quarter Earnings Sneak Peek

S&P 500 (NYSE:SPY) component TECO Energy, Inc. (NYSE:TE) will unveil its latest earnings on Thursday, February 2, 2012. TECO Energy is an energy-related holding company with regulated electric and gas utility operations in Florida.

TECO Energy, Inc. Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for profit of 28 cents per share, a rise of 21.7% 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 31 cents. Between one and three months ago, the average estimate moved down. It has been unchanged at 28 cents during the last month. For the year, analysts are projecting net income of $1.31 per share, a rise of 2.3% from last year.

Past Earnings Performance: The company topped forecasts last quarter after being in line with estimates the quarter prior. In the third quarter, it reported profit of 42 cents per share versus a mean estimate of 40 cents. Two quarters ago, it reported net income of 36 cents per share.

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Wall St. Revenue Expectations: On average, analysts predict $844.9 million in revenue this quarter, a rise of 9% from the year ago quarter. Analysts are forecasting total revenue of $3.52 billion for the year, a rise of 0.9% from last year’s revenue of $3.49 billion.

Analyst Ratings: Analysts seem relatively indifferent about TECO Energy with nine of 15 analysts surveyed maintaining a hold rating.

A Look Back: In the third quarter, profit rose 76.9% to $90.2 million (42 cents a share) from $51 million (24 cents a share) the year earlier, exceeding analyst expectations. Revenue rose 1.1% to $911.4 million from $901.8 million.

Key Stats:

A year-over-year revenue increase in the third quarter snapped a streak of two consecutive quarters of revenue declines. Revenue fell 1.5% in the second quarter and 12.7% in the first quarter.

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 19.5%. The quarter with the biggest boost was the most recent quarter, which saw a 76.9% surge.

Competitors to Watch: The Southern Company (NYSE:SO), SCANA Corporation (NYSE:SCG), Progress Energy, Inc. (NYSE:PGN), Cleco Corporation (NYSE:CNL), Duke Energy Corporation (NYSE:DUK), Northeast Utilities System (NYSE:NU), PPL Corporation (NYSE:PPL), NextEra Energy, Inc. (NYSE:NEE), ALLETE, Inc. (NYSE:ALE), and Entergy Corporation (NYSE:ETR).

Stock Price Performance: During December 28, 2011 to January 27, 2012, the stock price had dropped 63 cents (-3.3%) from $18.99 to $18.36. The stock price saw one of its best stretches over the last year between March 28, 2011 and April 6, 2011 when shares rose for eight-straight days, rising 4.2% (+74 cents) 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 4.2% (-80 cents) over that span.

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

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To contact the reporter on this story: Derek Hoffman at staff.writers@wallstcheatsheet.com

To contact the editor responsible for this story: Damien Hoffman at editors@wallstcheatsheet.com