Spectra Energy Earnings Preview

Published on Wednesday, 01 February 2012 12:28 Written by Gerard Lerod

New York, February 1st (TradersHuddle.com) - Shares of Spectra Energy Corporation (NYSE:SE) are trading higher by +0.70% ahead of its quarterly earnings release. Spectra Energy, the natural gas distributor is expected to release its quarterly results on January 2^nd.

Wall Street Analysts consensus calls for a profit of $0.49 a share on $1.46 billion revenue.

Spectra Energy estimates have a range of $0.08 a share. The high estimate calls for profit of $0.52 a share and the low estimate is calling for a profit of $0.44 a share, a year ago for the quarter the company reported $0.47 a share.

Spectra Energy Corporation (NYSE:SE) transmits, stores, distributes, gathers, and processes natural gas. The Company provides transportation and storage of natural gas to customers in various regions of the northeastern and southeastern United States, the Maritime Provinces in Canada and the Pacific Northwest in the United States and Canada, and the province of Ontario, Canada.