Kimco Realty Corp First Quarter Earnings Sneak Peek

S&P 500 (NYSE:SPY) component Kimco Realty Corp (NYSE:KIM) will unveil its latest earnings on Wednesday, May 2, 2012. Kimco Realty is a real estate investment trust (REIT) that owns and operates neighborhood and community shopping centers. The company is primarily engaged in acquisitions, development, and management of its properties. .

Kimco Realty Corp Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average analyst estimate is for net income of 30 cents per share, no change from the company’s actual earnings for the year-ago quarter. The average estimate is the same as three months ago. Between one and three months ago, the average estimate was unchanged. It also has not changed during the last month. Analysts are projecting profit to rise by 3.3% versus last year to $1.24.

Past Earnings Performance: The company has met estimates the last three quarters. Last quarter, the company reported profit of 30 cents per share to fall in step with the mean estimate.

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Wall St. Revenue Expectations: Analysts are projecting a rise of 1.9% in revenue from the year-earlier quarter to $228.2 million.

Analyst Ratings: Analysts are high on the stock, with nine analysts rating it as a buy, none rating it as a sell and eight rating it as a hold.

A Look Back: In the fourth quarter of the last fiscal year, profit rose 25.1% to $46.4 million (8 cents a share) from $37.1 million (5 cents a share) the year earlier, meeting analyst expectations. Revenue fell 2.5% to $238.5 million from $244.7 million.

Key Stats:

After experiencing income increases the last three quarters, the company is hoping to keep the good news coming with this earnings announcement. Net income rose 57.3% in the second quarter of the last fiscal year and 81.3% in the third quarter of the last fiscal year before increasing again in the fourth quarter of the last fiscal year.

On the top line, the company is looking to rebound after a revenue drop last quarter. Revenue rose 1.5% in the the third quarter of the last fiscal year after dropping in the fourth quarter of the last fiscal year of the last fiscal year.

Stock Price Performance: Between January 31, 2012 and April 26, 2012, the stock price rose $1.28 (7.1%), from $18.07 to $19.35. The stock price saw one of its best stretches over the last year between January 9, 2012 and January 25, 2012, when shares rose for 12 straight days, increasing 15.5% (+$2.50) over that span. It saw one of its worst periods between July 22, 2011 and August 8, 2011 when shares fell for 12 straight days, dropping 27.9% (-$5.47) over that span.

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

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