Colonial Properties Trust Inc Third Quarter Earnings Sneak Peek

Colonial Properties Trust Inc (NYSE:CLP) will unveil its latest earnings on Thursday, October 25, 2012. 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 estimate of analysts is for net income of 31 cents per share, a rise of 10.7% from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved down from 32 cents. Between one and three months ago, the average estimate moved down. It has been unchanged at 31 cents during the last month. For the year, analysts are projecting profit of $1.25 per share, a rise of 8.7% from last year.

Past Earnings Performance: The company met estimates last quarter after falling short of forecasts in the prior two. Before reporting net income of 32 cents per share in the second quarter to fall in line with expectations, the company beat estimates by one cent in the first quarter.

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A Look Back: In the second quarter, the company swung to a profit of $16.4 million (19 cents a share) from a loss of $6.4 million (8 cents) a year earlier, meeting analyst estimates. Revenue rose 23.6% to $119.3 million from $96.5 million.

Stock Price Performance: Between July 26, 2012 and October 19, 2012, the stock price fell 91 cents (-4.1%), from $22.32 to $21.41. 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 August 6, 2012 and August 14, 2012 when shares fell for seven straight days, dropping 4.1% (-92 cents) over that span.

Wall St. Revenue Expectations: Analysts predict a rise of 3.3% in revenue from the year-earlier quarter to $100.3 million.

Key Stats:

On the top line, the company is looking to build on four-straight revenue increases heading into this earnings announcement. Revenue rose 7.1% in the third quarter of the last fiscal year, 22.4% in the fourth quarter of the last fiscal year and 8.5% in the first quarter before increasing again in the second quarter.

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

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

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