Cousins Properties Earnings: Everything You Must Know Now

Cousins Properties Inc. (NYSE:CUZ) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company.

Cousins Properties Inc. Earnings Cheat Sheet

Results: Adjusted Earnings Per Share decreased to $0.15 in the quarter versus EPS of $0.16 in the year-earlier quarter.

Revenue: Decreased 8.52% to $39.3 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: Cousins Properties Inc. reported adjusted EPS income of $0.15 per share. By that measure, the company beat the mean analyst estimate of $0.10. It beat the average revenue estimate of $34.2 million.

Quoting Management: “Cousins had an exceptional quarter and year, with solid operating performance and significant progress toward our strategic objectives,” said Larry Gellerstedt, CEO of Cousins. “We are thrilled to kick-off 2013 with the off-market acquisition of Post Oak Central in Houston, a 1.3 million-square-foot, Class-A office asset in the heart of the Galleria submarket. This investment not only serves as an attractive entry into a target market, it provides a rare combination of substantial in-place yield and significant future development opportunity.”

Key Stats (on next page)…

Revenue decreased 10.13% from $43.73 million in the previous quarter. EPS decreased 40% from $0.25 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 $0.13 to a profit $0.11. For the current year, the average estimate has moved up from a profit of $0.59 to a profit of $0.60 over the last ninety days.

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