Associated Estates Realty Second Quarter Earnings Sneak Peek

Associated Estates Realty Corporation (NYSE:AEC) will unveil its latest earnings on Tuesday, July 24, 2012. Associated Estates Realty is a fully integrated multifamily real estate company engaged in property acquisition, advisory, development, construction, management, disposition, operation, and ownership activities.

Associated Estates Realty Corporation Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average analyst estimate is for net income of 33 cents per share, a rise of 22.2% from the company’s actual earnings for the year-ago quarter. During the past three months, the average estimate has moved up from 32 cents. Between one and three months ago, the average estimate moved up. It has been unchanged at 33 cents during the last month. Analysts are projecting profit to rise by 22.3% versus last year to $1.26.

Past Earnings Performance: The company showed profit of 25 cents per share versus a mean estimate of net income of last quarter. This marks the fourth month of falling short of estimates.

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A Look Back: In the first quarter, the company’s loss narrowed to a loss of $2.1 million (5 cents a share) from a loss of $3.1 million (7 cents) a year earlier, but missed analyst expectations. Revenue fell 1% to $42.9 million from $43.4 million.

Stock Price Performance: Between April 23, 2012 and July 18, 2012, the stock price fell $1.74 (-10.5%), from $16.54 to $14.80. It saw one of its worst periods between February 3, 2012 and February 15, 2012 when shares fell for nine straight days, dropping 8.6% (-$1.43) over that span. The stock price saw one of its best stretches over the last year between March 8, 2012 and March 16, 2012, when shares rose for seven straight days, increasing 5.2% (+78 cents) over that span.

Wall St. Revenue Expectations: Analysts are projecting a rise of 8.5% in revenue from the year-earlier quarter to $43.1 million.

Key Stats:

On the top line, the company is hoping to use this earnings announcement to snap a string of two-straight quarters of revenue declines. Revenue fell 6.9% in the fourth quarter of the last fiscal year and dropped again in the first quarter.

Analyst Ratings: With seven analysts rating the stock a buy, none rating it a sell and one rating the stock a hold, there are indications of a bullish stance by analysts.

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(Company fundamentals by Xignite Financials. Earnings estimates provided by Zacks)

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