Teco Energy Ahead of Earnings

Published on Wednesday, 01 February 2012 12:36 Written by Christopher Lynn

New York, February 1st (TradersHuddle.com) - Shares of TECO Energy, Inc. (NYSE:TE) are trading higher by +0.78% ahead of its quarterly earnings release. Teco Energy, the retail electricity provider in Central Florida is expected to release its quarterly results on January 2^nd.

Wall Street Analysts consensus calls for a profit of $0.28 a share on $844.86 million revenue.

Teco Energy estimates have a range of $0.04 a share. The high estimate calls for profit of $0.3 a share and the low estimate is calling for a profit of $0.26 a share, a year ago for the quarter the company reported $0.23 a share.

TECO Energy, Inc. (NYSE:TE) is a diversified, energy-related utility holding company. The Company, through various subsidiaries, provides retail electric service to customers in west central Florida, as well as purchases, distributes, and markets natural gas for residential, commercial, industrial, and electric power generation customers.