Colonial Properties Trust Third Quarter Earnings Sneak Peek

Colonial Properties Trust (NYSE:CLP) will unveil its latest earnings on Thursday, October 27, 2011. 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 Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for profit of 28 cents per share, a rise of 40% from the company’s actual earnings for the same quarter a year ago. 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. For the year, analysts are projecting net income of $1.16 per share, a rise of 13.7% from last year.

Last quarter, the company came in at profit of 32 cents per share against a mean estimate of net income of 28 cents per share, beating estimates after missing them in the previous quarter. In the first quarter, it missed forecasts by one cent.

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Wall St. Revenue Expectations: Analysts are projecting a rise of 4.9% in revenue from the year-earlier quarter to $95.6 million.

Analyst Ratings: Analysts are bullish on Colonial Properties as three analysts rate it as a buy, two rate it as a sell and five rate it as a hold.

A Look Back: In the second quarter, the company’s loss narrowed to a loss of $6.4 million (8 cents a share) from a loss of $9.8 million (17 cents) a year earlier, beating analyst expectations. Revenue rose 6.5% to $96.5 million from $90.6 million.

Key Stats:

Revenue has gone up for three straight quarters. It rose 3.3% in the first quarter from the year earlier and 5.2% in the fourth quarter of the last fiscal year.

Competitors to Watch: Cousins Properties Inc (NYSE:CUZ), Vornado Realty Trust (NYSE:VNO), Washington Real Estate Investment Trust (NYSE:WRE), Liberty Property Trust (NYSE:LRY), Essex Property Trust, Inc. (NYSE:ESS), UDR, Inc. (NYSE:UDR), Mid-America Apartment (NYSE:MAA), Camden Property Trust (NYSE:CPT), BRE Properties, Inc. (NYSE:BRE), and Equity Residential (NYSE:EQR).

Stock Price Performance: During October 17, 2011 to October 21, 2011, the stock price had risen $1.48 (8.2%) from $18.09 to $19.57. It saw one of its worst periods between October 18, 2011 and October 19, 2011 when shares fell for two-straight days, falling 1.4% (-27 cents) over that span. The stock price saw one of its best stretches over the last year between October 19, 2011 and October 21, 2011 when shares rose for three-straight days, rising 4.9% (+92 cents) over that span.

(Source: Xignite Financials)

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