QEP Resources Second Quarter Earnings Sneak Peek

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S&P 500 (NYSE:SPY) component QEP Resources Inc (NYSE:QEP) will unveil its latest earnings on Tuesday, July 31, 2012. QEP Resources is an energy company that explores and develops natural gas, oil and natural gas liquids.

QEP Resources Inc Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average analyst estimate is for net income of 32 cents per share, a decline of 23.8% from the company’s actual earnings for the year-ago quarter. During the past three months, the average estimate has moved down from 43 cents. Between one and three months ago, the average estimate moved down. It also has dropped from 41 cents during the last month. Analysts are projecting profit to rise by 14.7% versus last year to $1.51.

Past Earnings Performance: The company missed estimates last quarter after beating forecasts in the prior two. In the first quarter, the company reported profit of 41 cents per share versus a mean estimate of net income of 44 cents per share. In the fourth quarter of the last fiscal year, the company beat estimates by 14 cents.

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A Look Back: In the first quarter, profit rose more than twofold to $155.2 million (87 cents a share) from $73.2 million (41 cents a share) the year earlier, but fell short analyst expectations. Revenue rose 1.2% to $603.2 million from $596.2 million.

Wall St. Revenue Expectations: Analysts are projecting a decline of 23.2% in revenue from the year-earlier quarter to $602.2 million.

Balance Sheet Analysis: The company’s current ratio of assets to liabilities came in at 1.41 last quarter. The current ratio is an indication of a firm’s liquidity and ability to meet creditor demands and generally, for every dollar the company owes in the short term, it has that figure available in assets that can be converted to cash in the short term.

Key Stats:

On the top line, the company is looking to build on four-straight revenue increases heading into this earnings announcement. Revenue rose 48.1% in the second quarter of the last fiscal year, 51% in the third quarter of the last fiscal year and 62% in the fourth quarter of the last fiscal year before increasing again in the first quarter.

Analyst Ratings: With 11 analysts rating the stock a buy, one rating it a sell and one rating the stock a hold, there are indications of a bullish stance by analysts.

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(Company fundamentals by Xignite Financials. Earnings estimates provided by Zacks)

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