Associated Estates Realty Earnings: Your Sneak Peek to the Big Announcement

Associated Estates Realty (NYSE:AEC) will report earnings after markets close on Tuesday, July 23rd. Associated Estates Realty Corporation operates as a self-administered and self managed real estate investment trust. The Company specializes in the development, acquisition, ownership and management of multifamily properties in the Midwest and currently owns or is a joint venture partner in multifamily properties in Indiana, Ohio, Michigan and Western Pennsylvania.

Here is your Cheat Sheet to Associated Estates Realty Earnings:

Earnings Expectations: Analysts expect earnings of $0.32 per share on revenues of $45.72 million. Currently, the company’s P/E ratio stands at 18.44.

Analyst Trends:

Analysts have a more negative outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has fallen from a profit of $0.33 to a profit $0.32. For the current year, the average estimate is a profit of $1.29, which is worse than the estimate ninety days ago.

Earnings Trends:

Here’s how Associated Estates Realty has been performing on an annual basis:

Fiscal Year 2008 2009 2010 2011 2012
Revenue ($) in millions 135 130 154 176 175
Diluted EPS ($) 1.98 0.10 -0.38 0.13 0.66

Next, our CHEAT SHEET investing framework asks us to drill down to the recent quarterly data:

Quarter Jun. 30, 2012 Sep. 30, 2012 Dec. 31, 2012 Mar. 31, 2013
Revenue ($) in millions 42.31 45.84 46.96 44.99
Diluted EPS ($) 0.54 0.04 0.14 0.20

Past Performance:
Associated Estates Realty has beat analyst estimates 2 times in the past four quarters. This is not consistent enough to get bullish yet.

“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)

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