Associated Estates Realty Second Quarter Earnings Preview

Associated Estates Realty Corporation (NASDAQ:AEC) will unveil its latest earnings on Monday, July 25, 2011. Associated Estates Realty Corporation 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 26 cents per share, a rise of 23.8% from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved up from 25 cents. Between one and three months ago, the average estimate was unchanged, but has risen during the last month. For the year, analysts are projecting profit of $1.05 per share, a rise of 23.5% from last year.

Past Earnings Performance: The company missed estimates last quarter after beating forecasts in the prior two. In the first quarter, the company reported net income of 23 cents per share versus a mean estimate of profit of 25 cents per share. In fourth quarter of the last fiscal year, the company beat estimates by 2 cents.

Savvy Investing Tip: Our CHEAT SHEET investing framework recommends only stocks with two straight quarters of earnings growth. Learn More >>

Wall St. Revenue Expectations: On average, analysts predict $40.1 million in revenue this quarter, a rise of 21.5% from the year ago quarter. Analysts are forecasting total revenue of $163.3 million for the year, a rise of 6.3% from last year’s revenue of $153.7 million.

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

Key Stats:

Revenue has risen the past four quarters. Revenue increased 31.6% to $43.4 million in first quarter. The figure rose 40.9% in the fourth quarter of the last fiscal year from the year earlier, climbed 22.6% in the third quarter of the last fiscal year from the year-ago quarter and 4.8% in the second quarter of the last fiscal year.

Competitors to Watch: Colonial Properties Trust (NYSE:CLP), UDR, Inc. (NYSE:UDR), Camden Property Trust (NYSE:CPT), Equity Residential (NYSE:EQR), BRE Properties, Inc. (NYSE:BRE), Mid-America Apartment (NYSE:MAA), AvalonBay Communities, Inc. (NYSE:AVB), Home Properties, Inc. (NYSE:HME), Post Properties, Inc. (NYSE:PPS), and Apartment Investment and Management Co. (NYSE:AIV).

Stock Price Performance: During June 20, 2011 to July 19, 2011, the stock price had risen $1.90 (11.9%) from $15.98 to $17.88. 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 5.5% (+83 cents) over that span. It saw one of its worst periods between June 7, 2011 and June 13, 2011 when shares fell for five-straight days, falling 2.7% (-43 cents) over that span. Shares are up $3.07 (+20.7%) year to date.

(Source: Xignite Financials)

Get Actionable Investing Insights: Check Out Wall St. Cheat Sheet’s newest Feature Trades of the Month!

More from The Cheat Sheet