Xcel Energy, Inc. Second Quarter Earnings Preview

S&P 500 (NYSE:SPY) component Xcel Energy, Inc. (NYSE:XEL) will unveil its latest earnings on Thursday, July 28, 2011. Xcel Energy, Inc. is a holding company that is engaged in the generation, purchase, transmission, distribution and sale of electricity and natural gas (NYSE:UNG).

Xcel Energy, Inc. Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for net income of 32 cents per share, a rise of 10.3% from the company’s actual earnings for the same quarter a year ago. The average estimate is the same as three months ago. Between one and three months ago, the average estimate was unchanged and it has not changed during the last month. For the year, analysts are projecting profit of $1.71 per share, a rise of 5.6% from last year.

Past Earnings Performance: The company met estimates last quarter after beating the forecasts in the prior two. In the first quarter, the company reported net income of 42 cents per share versus a mean estimate of profit of 42 cents per share. In the fourth quarter of the last fiscal year, the company beat estimates by 2 cents.

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Wall St. Revenue Expectations: On average, analysts predict $2.37 billion in revenue this quarter, a rise of 2.6% from the year ago quarter. Analysts are forecasting total revenue of $10.65 billion for the year, a rise of 3.3% from last year’s revenue of $10.31 billion.

Analyst Ratings: Analysts seem relatively indifferent about Xcel Energy with 10 of 15 analysts surveyed maintaining a hold rating.

Key Stats:

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 15.9%. The quarter with the biggest boost was the third quarter of the last fiscal year, which saw a 41.4% surge.

Revenue rose in the first quarter after seeing a drop the quarter before. Revenue rose 0.3% to $2.82 billion in the first quarter from the year earlier. In the fourth quarter of the last fiscal year, revenue fell 2%.

Competitors to Watch: Integrys Energy Group, Inc. (NYSE:TEG), ALLETE, Inc. (NYSE:ALE), Alliant Energy Corporation (NYSE:LNT), PNM Resources, Inc. (NYSE:PNM), Black Hills Corporation (NYSE:BKH), Wisconsin Energy Corp. (NYSE:WEC), MGE Energy, Inc. (NASDAQ:MGEE), El Paso Electric Company (NYSE:EE), CMS Energy Corporation (NYSE:CMS), and Duke Energy Corporation (NYSE:DUK).

Stock Price Performance: During July 18, 2011 to July 22, 2011, the stock price had risen 78 cents (3.3%) from $23.76 to $24.54. The stock price saw one of its best stretches over the last year between April 19, 2011 and May 4, 2011 when shares rose for 11-straight days, rising 2.6% (+61 cents) over that span. It saw one of its worst periods between May 31, 2011 and June 6, 2011 when shares fell for five-straight days, falling 2.2% (-54 cents) over that span. Shares are up $1.49 (+6.5%) year to date.

(Source: Xignite Financials)

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