Boston Properties Earnings Preview: Get Ahead of the Analysts

Boston Properties (NYSE:BXP) will report earnings after markets close on Tuesday, April 30th. Boston Properties, Inc. is a real estate investment trust. The trust owns, manages, and develops office properties in the United States, with a significant presence in Boston, Washington, D.C., Midtown Manhattan and San Francisco.

Here is your Cheat Sheet to Boston Properties Earnings:

Earnings Expectations: Analysts expect earnings of $1.21 per share on revenues of $469.48 million. Currently, the company’s P/E ratio stands at 56.35.

Analyst Trends:

Analysts have a neutral outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings is a profit of $1.29 and has not changed. For the current year, the average estimate is a profit of $5.17, which is the same as the estimate ninety days ago.

Earnings Trends:

Here’s how Boston Properties has been performing on an annual basis:

Fiscal Year 2008 2009 2010 2011 2012
Revenue ($) in millions 1,488 1,518 1,543 1,751 1,876
Diluted EPS ($) 0.87 1.76 1.14 1.86 1.92

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 ($) in millions 452.47 447.66 472.90 470.90 487.24
Diluted EPS ($) 0.6846 0.43 0.79 0.38 0.3182

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

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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at]