S&P 500 (NYSE:SPY) component Williams Companies, Inc. (NYSE:WMB) will unveil its latest earnings on Wednesday, August 3, 2011. Williams Companies, Inc. is engaged in finding, producing, gathering, processing and transporting natural gas.
Williams Companies, Inc. Earnings Preview Cheat Sheet
Wall St. Earnings Expectations: The average estimate of analysts is for profit of 38 cents per share, a rise of 40.7% 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 34 cents. Between one and three months ago, the average estimate moved up, and has risen from 37 cents during the last month. For the year, analysts are projecting net income of $1.54 per share, a rise of 20.3% from last year.
Past Earnings Performance: The company is looking to beat analyst estimates for the third quarter in a row. Last quarter, it beat estimates with profit of 36 cents per share against the mean estimate of 35 cents. In the prior quarter, the company reported net income of 42 cents.
Wall St. Revenue Expectations: On average, analysts predict $2.45 billion in revenue this quarter, a rise of 7% from the year ago quarter. Analysts are forecasting total revenue of $10.3 billion for the year, a rise of 7.1% from last year’s revenue of $9.62 billion.
Analyst Ratings: Analysts are bullish on this stock with nine analysts rating it as a buy, none rating it as a sell and one rating it as a hold.
A year-over-year revenue decrease in the first quarter snaps a streak of three consecutive quarters of revenue increases. Revenue fell 0.8% in the first quarter and rose 4.2%in the fourth quarter of the last fiscal year, 9.8% in the third quarter of the last fiscal year and 20.1% in the second quarter of the last fiscal year.
Competitors to Watch: Williams Partners L.P. (NYSE:WPZ), EQT Corporation (NYSE:EQT), Marathon Oil Corporation (NYSE:MRO), Cheniere Energy, Inc. (AMEX:LNG), Chevron Corporation (NYSE:CVX), Southwestern Energy Co. (NYSE:SWN), Kinder Morgan Energy Partners LP (NYSE:KMP), Occidental Petroleum Corp. (NYSE:OXY), Southern Union Company (NYSE:SUG), and Questar Corporation (NYSE:STR).
Stock Price Performance: During June 29, 2011 to July 28, 2011, the stock price had risen $1.97 (6.6%) from $29.82 to $31.79. The stock price saw one of its best stretches over the last year between April 18, 2011 and April 27, 2011 when shares rose for seven-straight days, rising 8.1% (+$2.44) over that span. It saw one of its worst periods between August 17, 2010 and August 24, 2010 when shares fell for six-straight days, falling 8.1% (-$1.56) over that span. Shares are up $7.34 (+30%) year to date.
(Source: Xignite Financials)