Weingarten Realty Investors Fourth Quarter Earnings Sneak Peek

Weingarten Realty Investors (NYSE:WRI) will unveil its latest earnings on Thursday, March 1, 2012. Weingarten Realty Investors is a real estate investment trust whose business includes leasing space to tenants in the shopping and industrial centers and also managing centers for joint ventures.

Weingarten Realty Investors Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average analyst estimate is for net income of 46 cents per share, a rise of 7% 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 28.2% versus last year to $1.22.

Past Earnings Performance: Last quarter, the company topped expectations by one cent, coming in at profit of 47 cents per share versus a mean estimate of net income of 46 cents per share. This followed two straight quarters of missing estimates.

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Wall St. Revenue Expectations: Analysts predict a rise of 0.1% in revenue from the year-earlier quarter to $139.9 million.

Analyst Ratings: Analysts seem relatively indifferent about Weingarten Realty Investors with eight of 13 analysts surveyed maintaining a hold rating.

A Look Back: In the third quarter, the company swung to a loss of $33.2 million (35 cents a share) from a profit of $17.5 million (7 cents) a year earlier, but beat analyst expectations. Revenue fell 5% to $135.4 million from $142.6 million.

Key Stats:

In the latest quarter, Weingarten Realty Investors reported a loss that snapped a three-quarter streak of profit. The company reported a profit of $1.7 million in the second quarter, a profit of $16.1 million in the first and a profit of $6.3 million in the fourth quarter of the last fiscal year.

Over the last four quarters, revenue has fallen an average of 3.7% year-over-year. The biggest drop came in the fourth quarter of the last fiscal year, when revenue fell 14.1% from the year earlier quarter.

Stock Price Performance: Between November 28, 2011 and February 24, 2012, the stock price rose $5.37 (27.4%), from $19.63 to $25. The stock price saw one of its best stretches over the last year between January 12, 2012 and January 26, 2012, when shares rose for 10 straight days, increasing 12.4% (+$2.75) over that span. It saw one of its worst periods between July 29, 2011 and August 8, 2011 when shares fell for seven straight days, dropping 24.6% (-$6.17) over that span.

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

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To contact the reporter on this story: Derek Hoffman at staff.writers@wallstcheatsheet.com

To contact the editor responsible for this story: Damien Hoffman at editors@wallstcheatsheet.com