Newcastle Investment (NYSE:NCT) will report earnings before markets open on Friday, May 3rd. Newcastle Investment Corporation is a real estate investment trust that invests in real estate securities and other real estate-related assets. The Company seeks to finance these investments primarily using match-funded financing structures.
Here is your Cheat Sheet to Newcastle Investment Earnings:
Earnings Expectations: Analysts expect earnings of $0.29 per share on revenues of $81.42 million. Currently, the company’s P/E ratio stands at 3.88.
Analysts have a more positive outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has risen from a profit of $0.3 to a profit $0.32. For the current year, the average estimate is a profit of $1.28, which is better than the estimate ninety days ago.
Here’s how Newcastle Investment has been performing on an annual basis:
|Revenue ($) in millions||48.76||370.86||410.34||320.75||481.40|
|Diluted EPS ($)||-56.81||-4.23||10.96||3.65||2.94|
Next, our CHEAT SHEET investing framework asks us to drill down to the recent quarterly data:
|Quarter||Dec. 31, 2011||Mar. 31, 2012||Jun. 30, 2012||Sep. 30, 2012||Dec. 31, 2012|
|Revenue ($) in millions||85.35||74.49||51.62||297.77||57.53|
|Diluted EPS ($)||0.6106||0.68||0.21||1.63||0.3168|
Newcastle Investment has beat analyst estimates 3 times in the past four quarters. Shareholders could expect a boost if the company beats estimates.
“E = Earnings Are Increasing Quarter-Over-Quarter” is a core component of our successful CHEAT SHEET investing framework. Don’t waste another minute – click here to discover our CHEAT SHEET stock picks now!
(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)