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S&P 500 (NYSE:SPY) component Spectra Energy (NYSE:SE) will unveil its latest earnings on Tuesday, February 5, 2013. Spectra Energy, through its subsidiaries and equity affiliates, owns and operates natural gas-related energy assets.
Spectra Energy Earnings Preview Cheat Sheet
Wall St. Earnings Expectations: The average estimate of analysts is for net income of 33 cents per share, a decline of 25% 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 41 cents. Between one and three months ago, the average estimate moved down. It also has dropped from 34 cents during the last month. For the year, analysts are projecting profit of $1.45 per share, a decline of 18.1% from last year.
Past Earnings Performance: The company enters this earnings report having missed estimates the last four quarters. Last quarter, the company fell short of expectations by 4 cents, reporting net income of of 27 cents per share against a mean estimate of profit of 31 cents per share.
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A Look Back: In the third quarter, profit fell 29.5% to $179 million (27 cents a share) from $254 million (39 cents a share) the year earlier, missing analyst expectations. Revenue fell 4.5% to $1.07 billion from $1.12 billion.
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