Aug 3, 2011
Spectra Energy (NYSE:SE) reported Q2 EPS of $0.42, ahead of consensus estimates of $0.40 per share. Revenues for the quarter rose 11.8% year-over-year to $1.19 billion, missing consensus estimates of $1.23 billion.
The company expects 2011 EPS to exceed the stated target of $1.65, vs. consensus estimates of $1.76 per share.
Spectra Energy has a potential upside of 13.4% based on a current price of $26.45 and an average consensus analyst price target of $30.
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