[b]Progress Energy, Inc.[/b] (PGN) is expected to report earnings for last fiscal quarter before the opening bell on November 3, 2011.
PGN trades an average of 1.6 million shares per day.
Progress Energy, Inc., a utility holding company, engages in the generation, transmission, distribution, and sale of electricity in North Carolina, South Carolina, and Florida. The company was founded in 1925 and is headquartered in Raleigh, North Carolina.
[b]52 Week High: $53.06[/b]
[b]52 Week Low: $42.05[/b]
[b]Book Value: $34.05[/b]
[b]Float Short: 1.04%[/b]
Analysts are expecting an improvement of $0.53 in earnings per share compared to last quarter's results of $0.71. Investors will be looking to see a number north of[b] $1.24 per share[/b], based on the earnings estimates. Analyst estimates range between $1.2 and $1.3 per share.
The current trailing twelve months (ttm) P/E ratio is 18.1 The forward P/E ratio is 16.6.
Looking at the price movement over the last month, the stock has moved higher in price 2.84%, with a change from a year ago of 15.78%.
The stock is performing extremely well when compared to the general stock market up to this point. When comparing to the S&P 500, the year up to date positive change is 20.25%.
The company has rising revenue year-over-year of $10.19 billion for 2010 vs. $9.89 billion for 2009. The bottom line has rising earnings year-over-year of $856.00 million for 2010 vs. $757.00 million for 2009.The company's earnings before income and taxes are rising with an EBIT year-over-year of $2.05 billion for 2010 vs. $1.77 billion for 2009.
Here is a look at the fiscal year revenue.
[img]http://www.paid2trade.com/SAForm/BarChartPics/PGN-gross-revenue-fiscal-year-history-in-dollars-bar-chart-11-01-11.png[/img]
Gross reported revenue compared to the mean estimate (rounded).
[table][tr][td]Fiscal Quarter Ending Month-Year[/td] [td]Revenue Estimates[/td] [td]Actual[/td] [td]$ Difference[/td] [td]Difference %[/td][/tr] [tr][td]Jun-11[/td][td]$ 2.29 B[/td][td]$ 2.26 B[/td][td][color=Red]$ -36.62 M[/color][/td][td]-1.6%[/td][/tr][tr][td]Mar-11[/td][td]$ 2.43 B[/td][td]$ 2.17 B[/td][td][color=Red]$ -265.85 M[/color][/td][td]-10.93%[/td][/tr][tr][td]Dec-10[/td][td]$ 2.44 B[/td][td]$ 2.32 B[/td][td][color=Red]$ -123.74 M[/color][/td][td]-5.06%[/td][/tr][tr][td]Sep-10[/td][td]$ 3.00 B[/td][td]$ 2.96 B[/td][td][color=Red]$ -41.83 M[/color][/td][td]-1.39%[/td][/tr][tr][td]Jun-10[/td][td]$ 2.36 B[/td][td]$ 2.37 B[/td][td]$ 13.56 M[/td][td]0.57%[/td][/tr][/table]M = millions, B = billions
Differences are rounded. (Some onetime items are often excluded in reported EPS)
[img]http://www.paid2trade.com/SAForm/BarChartPics/PGN-PerShareEarningsSurprises-11-01-11.png[/img]
Reported earnings per share compared to the mean estimate. Differences are rounded.
The total short interest number of shares for PGN
[img]http://www.paid2trade.com/SAForm/BarChartPics/PGN-ShortInterestData-11-01-11.png[/img]
The number of days to cover short interest based on average daily trading volume for PGN.
[img]http://www.paid2trade.com/SAForm/BarChartPics/PGN-DaysToCoverData.php-11-01-11.png[/img]
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I use a proprietary blend of technical analysis, financial crowd behavior, and fundamentals in my short-term trades, and while not totally the same in longer swing trades to investments, the concepts used are similar. You may want to use this article as a starting point of your own research with your financial planner. I use Seeking Alpha, Edgar Online, and Yahoo Finance for most of my data. I use the "confirmed" symbols from earnings.com that I believe to be of the most interest.
