Colonial Properties Trust Earnings: Here’s Why Shares are Down Now

Colonial Properties Trust (NYSE:CLP) delivered a profit and missed Wall Street’s expectations, AND came up short on beating the revenue expectation. The revenue miss is a negative sign to shareholders seeking high growth out of the company. Shares are down 1.24%.

Colonial Properties Trust Earnings Cheat Sheet

Results: Adjusted Earnings Per Share decreased 3.13% to $0.31 in the quarter versus EPS of $0.32 in the year-earlier quarter.

Revenue: Decreased 14.56% to $102.14 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: Colonial Properties Trust reported adjusted EPS income of $0.31 per share. By that measure, the company missed the mean analyst estimate of $0.33. It missed the average revenue estimate of $103.43 million.

Quoting Management: Thomas H. Lowder, Chairman and Chief Executive Officer, noted, “We are pleased with the solid performance of our multifamily portfolio and the continued execution of our commercial dispositions. Since announcing the merger agreement with MAA in early June, we have been working diligently with MAA toward the successful integration of our two companies and the completion of the merger.”

Key Stats (on next page)…

Revenue decreased 1.02% from $103.19 million in the previous quarter. EPS decreased 8.82% from $0.34 in the previous quarter.

Looking Forward: 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 $0.35 to a profit $0.33. For the current year, the average estimate has moved down from a profit of $1.38 to a profit of $1.34 over the last ninety days.

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