TECO Energy, Inc. Second Quarter Earnings Sneak Peek

S&P 500 (NYSE:SPY) component TECO Energy, Inc. (NYSE:TE) will unveil its latest earnings on Thursday, August 4, 2011. TECO Energy is an energy-related holding company with regulated electric and gas utility operations in Florida and other companies engaged in coal mining and synthetic fuel production, waterborne transportation services.

TECO Energy, Inc. Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for profit of 37 cents per share, no change 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 35 cents. Between one and three months ago, the average estimate moved up, and has risen from 36 cents during the last month. For the year, analysts are projecting net income of $1.36 per share, a rise of 6.3% from last year.

Past Earnings Performance: For the past three quarters, the company’s quarterly results have come in below analyst’s expectations. Last quarter, the company reported profit of 24 cents per share versus a mean estimate of net income of 30 cents per share.

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Wall St. Revenue Expectations: On average, analysts predict $864.7 million in revenue this quarter, a decline of 3.8% from the year ago quarter. Analysts are forecasting total revenue of $3.54 billion for the year, a rise of 1.4% from last year’s revenue of $3.49 billion.

Analyst Ratings: Analysts seem relatively indifferent about TECO Energy with nine of 17 analysts surveyed maintaining a hold rating.

Key Stats:

A year-over-year revenue decrease in the first quarter snaps a streak of three consecutive quarters of revenue increases. Revenue fell 12.7% in the first quarter and rose 1.3%in the fourth quarter of the last fiscal year, 0.6% in the third quarter of the last fiscal year and 8.9% in the second quarter of the last fiscal year.

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 July 25, 2011 to July 29, 2011, the stock price had dropped 71 cents (-3.7%) from $19.24 to $18.53. 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% (+75 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% (-82 cents) over that span. Shares are up $1.13 (+6.5%) year to date.

(Source: Xignite Financials)

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