TECO Energy Inc. Third Quarter Earnings on Deck

S&P 500 (NYSE:SPY) component TECO Energy, Inc. (NYSE:TE) will unveil its latest earnings on Tuesday, November 1, 2011. 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 40 cents per share, a rise of 17.6% 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 42 cents. Between one and three months ago, the average estimate moved down. It has risen from 39 cents during the last month. Analysts are projecting profit to rise by 3.1% versus last year to $1.32.

Past Earnings Performance: The company met estimates last quarter after falling short of forecasts in the prior two. Before reporting net income of 36 cents per share in the second quarter to fall in line with expectations, the company beat estimates by 6 cents in the first quarter.

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Wall St. Revenue Expectations: On average, analysts predict $917.4 million in revenue this quarter, a rise of 1.7% from the year ago quarter. Analysts are forecasting total revenue of $3.53 billion for the year, a rise of 1.1% from last year’s revenue of $3.49 billion.

Analyst Ratings: Analysts are bullish on TECO Energy as five analysts rate it as a buy, three rate it as a sell and eight rate it as a hold.

A Look Back: In the second quarter, profit rose 2.6% to $77.5 million (36 cents a share) from $75.5 million (35 cents a share) the year earlier, meeting analyst expectations. Revenue fell 1.5% to $885.7 million from $898.8 million.

Key Stats:

The increase in profit in the second quarter came after net income fell in the previous quarter. In the first quarter, net income fell 7.3%.

Revenue has fallen in the past two quarters. In the first quarter, the figure fell 12.7%.

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 September 28, 2011 to October 26, 2011, the stock price had risen $1.20 (7.1%) from $17.02 to $18.22. 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% (-81 cents) over that span. Shares are up $1.05 (+6.1%) year to date.

(Source: Xignite Financials)

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