Williams Companies Inc. Third Quarter Earnings Sneak Peek

S&P 500 (NYSE:SPY) component Williams Companies, Inc. (NYSE:WMB) will unveil its latest earnings on Tuesday, November 1, 2011. Williams Companies 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 41 cents per share, a rise of 86.4% 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 39 cents. Between one and three months ago, the average estimate moved up. It has been unchanged at 41 cents during the last month. For the year, analysts are projecting net income of $1.51 per share, a rise of 18% from last year.

Past Earnings Performance: Last quarter, the company reported profit of 39 cents per share versus a mean estimate of net income of. The company has beaten estimates for the past three quarters.

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Wall St. Revenue Expectations: On average, analysts predict $2.53 billion in revenue this quarter, a rise of 10% from the year ago quarter. Analysts are forecasting total revenue of $10.58 billion for the year, a rise of 10% from last year’s revenue of $9.62 billion.

Analyst Ratings: Analysts are bullish on this stock with eight analysts rating it as a buy, none rating it as a sell and one rating it as a hold.

A Look Back: In the second quarter, profit rose 22.7% to $227 million (38 cents a share) from $185 million (31 cents a share) the year earlier, exceeding analyst expectations. Revenue rose 16.4% to $2.67 billion from $2.29 billion.

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 September 28, 2011 to October 26, 2011, the stock price had risen $4.73 (18.8%) from $25.12 to $29.85. The stock price saw one of its best stretches over the last year between October 13, 2011 and October 24, 2011 when shares rose for eight-straight days, rising 14.3% (+$3.81) over that span. It saw one of its worst periods between July 27, 2011 and August 4, 2011 when shares fell for seven-straight days, falling 15.8% (-$5.02) over that span. Shares are up $5.59 (+23%) year to date.

(Source: Xignite Financials)

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