S&P 500 component Southwestern Energy Company will unveil its latest earnings on Monday, February 27, 2012. Southwestern Energy is an independent energy company that, through its subsidiaries, explores, develops and produces natural gas and crude oil.
Southwestern Energy Company Earnings Preview Cheat Sheet
Wall St. Earnings Expectations: The average estimate of analysts is for net income of 48 cents per share, a rise of 11.6% 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 51 cents. Between one and three months ago, the average estimate moved down. It has been unchanged at 48 cents during the last month. Analysts are projecting profit to rise by 6.9% compared to last year’s $1.85.
Past Earnings Performance: The company fell in line with estimates last quarter after topping forecasts the quarter before. After coming in above the mean estimate by 5 cents in the second quarter, the company fell in line with expectations by reporting profit of 50 cents per share last quarter.
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Wall St. Revenue Expectations: Analysts are projecting a rise of 54% in revenue from the year-earlier quarter to $739.6 million.
Analyst Ratings: Optimism surrounds Southwestern Energy Company, as 12 analysts rate it as a buy, one rates it as a sell, and 12 rate it as a hold.
A Look Back: In the third quarter, profit rose 9% to $175.2 million (50 cents a share) from $160.7 million (46 cents a share) the year earlier, meeting analyst expectations. Revenue rose 12.5% to $767.3 million from $682.2 million.
Key Stats:
Revenue has increased in each of the past four quarters. Revenue rose 29.7% in the second quarter from the year earlier, climbed 1.2% in the first quarter from the year-ago quarter and 7.4% in the fourth quarter of the last fiscal year.
The company has been profitable for each of the last eight quarters. In the last four, profit has risen year-over-year by an average of 5.1%. The quarter with the biggest boost was the second quarter, which saw a 37.2% surge.
Stock Price Performance: From January 23, 2012 to February 21, 2012, the stock price rose $2.84 (8.7%), from $32.46 to $35.30. The stock price saw one of its best stretches over the last year between February 1, 2012 and February 16, 2012, when shares rose for 12 straight days, increasing 17.1% (+$5.19) over that span. It saw one of its worst periods between July 22, 2011 and August 8, 2011 when shares fell for 12 straight days, dropping 29.2% (-$14.33) over that span.
(Company fundamentals by Xignite Financials. Earnings estimates provided by Zacks)
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To contact the reporter on this story: Derek Hoffman at staff.writers@wallstcheatsheet.com
To contact the editor responsible for this story: Damien Hoffman at editors@wallstcheatsheet.com
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