Colonial Properties Trust Fourth Quarter Earnings Sneak Peek

Colonial Properties Trust Inc (NYSE:CLP) will unveil its latest earnings on Thursday, January 24, 2013. Colonial Properties Trust is a REIT, which is engaged in the acquisition, development, ownership, management and leasing of commercial real estate property.

Colonial Properties Trust Inc Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average analyst estimate is for profit of 32 cents per share, a rise of 14.3% from the company’s actual earnings for the year-ago quarter. 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 8.7% compared to last year’s $1.25.

Past Earnings Performance: The company has fallen in line with estimates the last two quarters. In the third quarter, it reported net income of 31 cents per share and two quarters ago booked profit of 32 cents.

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A Look Back: In the third quarter, the company swung to a loss of $6.5 million (8 cents a share) from a profit of $12.5 million (14 cents) a year earlier, meeting analyst expectations. Revenue rose 1% to $96.1 million from $95.1 million.

Stock Price Performance: Between November 19, 2012 and January 17, 2013, the stock price had risen $1.94 (9.6%), from $20.16 to $22.10. The stock price saw one of its best stretches over the last year between August 14, 2012 and August 22, 2012, when shares rose for seven straight days, increasing 3.4% (+73 cents) over that span. It saw one of its worst periods between November 6, 2012 and November 14, 2012 when shares fell for seven straight days, dropping 8.5% (-$1.85) over that span.

Analyst Ratings: With three analysts rating the stock as a buy, two rating it as a sell and one rating it as a hold, there are indications of a bullish outlook.

Key Stats:

On the top line, the company is looking to build on four-straight revenue increases heading into this earnings announcement. Revenue rose 22.4% in the fourth quarter of the last fiscal year, 8.5% in the first quarter and 23.6% in the second quarter before increasing again in the third quarter.

Wall St. Revenue Expectations: On average, analysts predict $99.6 million in revenue this quarter, a decline of 0.8% from the year-ago quarter. Analysts are forecasting total revenue of $395.3 million for the year, a rise of 3.7% from last year’s revenue of $381.3 million.

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(Company fundamentals by Xignite Financials. Earnings estimates provided by Zacks)