Williams Companies Inc (NYSE:WMB) is scheduled to report 4Q2015 earnings after markets close on Feb. 17, 2016. A number of analysts have weighed in on Williams’ upcoming report with estimates of what to expect. Earnings projections for the quarter range from $0.12 per share to $0.25 per share.

4Q2015 earnings estimates

On the average, Wall Street expects Williams Companies Inc (NYSE:WMB) to post earnings of $0.16 per share in 4Q2015. That should be a 6.7% increase over $0.15 per share reported in a similar quarter a year ago. At least four analysts have commented on what to expect in Williams’ 4Q earnings report. Their projects range from $0.12 to $0.25 for the quarter.

Full-year earnings

Williams will also be reporting full-year results for fiscal 2015. For the year, analysts on the average are looking for EPS of $0.67. EPS estimates for the year range from $0.65 to $0.69. Analysts have also issued their EPS projections for the current year, which is $0.89 on the average. The EPS estimate range for the current year is $0.45 to $1.55.

Spending cut

Williams Companies Inc (NYSE:WMB) is expected to spend less on capital projects in 2016 than in 2015. The company recently trimmed capital plan for 2016 by $1 billion, which means that the new capital plan is nearly a third less than what it spent last year.

The capital spending cut affects the main Williams and its master limited partnership called Williams Partners LP (NYSE:WPZ).

Williams is cutting its capital budget at a time when its industry is going through pressures stemming from the rout in crude prices. As such, the spending cuts are designed to preserve cash.

Analyst comments

Various analysts have recently commented on the outlook of Williams. Zacks currently rates the stock a SELL after recently cutting its rating from a HOLD. Jefferies maintains a BUY rating on the stock, but recently lowered its price target to $43 from $36.

On the average, Williams Companies Inc (NYSE:WMB) is rated a HOLD with 12-month price target of $43.78. The stock current price is around $19.