Associated Estates Realty Corp Fourth Quarter Earnings Sneak Peek

Associated Estates Realty Corporation (NASDAQ:AEC) will unveil its latest earnings on Monday, February 6, 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 estimate of analysts is for net income of 27 cents per share, a rise of 12.5% from the company’s actual earnings for the same quarter a year ago. 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 22.4% versus last year to $1.04.

Past Earnings Performance: The company fell short of estimates last quarter after topping forecasts the quarter prior. In the third quarter, it reported profit of 27 cents per share against a mean estimate of 28 cents. Two quarters ago, it beat expectations by one cent with net income of 27 cents.

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Wall St. Revenue Expectations: On average, analysts predict $41.7 million in revenue this quarter, a decline of 8.5% from the year ago quarter. Analysts are forecasting total revenue of $160.8 million for the year, a rise of 4.6% from last year’s revenue of $153.7 million.

Analyst Ratings: Analysts are bullish on this stock with seven analysts rating it as a buy, none rating it as a sell and one rating it as a hold.

A Look Back: In the third quarter, the company swung to a profit of $12.2 million (29 cents a share) from a loss of $1.8 million (6 cents) a year earlier, but missed analyst estimates. Revenue rose 15.6% to $46.6 million from $40.3 million.

Key Stats:

The company has enjoyed double-digit year-over-year percentage revenue growth for the past four quarters. Over that span, the company has averaged growth of 29.7%, with the biggest boost coming in the fourth quarter of the last fiscal year when revenue rose 40.9% from the year earlier quarter.

Associated Estates Realty’s profit last quarter followed losses in the three previous quarters. The company reported a loss of $1.6 million in the second quarter, a loss of $3.1 million in the first and a loss of $1.4 million in the fourth quarter of the last fiscal year.

Stock Price Performance: During December 1, 2011 to January 31, 2012, the stock price had risen 98 cents (6.2%) from $15.73 to $16.71. It saw one of its worst periods between July 29, 2011 and August 8, 2011 when shares fell for seven-straight days, falling 18.4% (-$3.26) over that span. The stock price saw one of its best stretches over the last year between March 25, 2011 and April 6, 2011 when shares rose for nine-straight days, rising 5.4% (+80 cents) 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