DCT Industrial Trust Earnings: Everything You Must Know Now

DCT Industrial Trust Inc. (NYSE:DCT) 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.

Markets are at 5-year highs! Discover the best stocks to own. Click here for our fresh Feature Stock Pick now!

DCT Industrial Trust Inc. Earnings Cheat Sheet

Results: Adjusted Earnings Per Share were the same at $0.11 in the quarter as EPS of $0.11 in the year-earlier quarter.

Revenue: Rose 10.08% to $73.2 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: DCT Industrial Trust Inc. reported adjusted EPS income of $0.11 per share. By that measure, the company beat the mean analyst estimate of $0.10. It beat the average revenue estimate of $70.22 million.

Quoting Management: “2013 is off to a great start, building on the positive momentum created in 2012. We are making excellent progress across all elements of our business plan – leasing, acquisitions, development, asset sales and balance sheet management,” said Phil Hawkins, Chief Executive Officer of DCT Industrial. “Rents continue to improve and leasing activity remains steady across our markets. Additionally, our teams continue to execute with respect to external growth – our acquisitions and developments are creating significant value and further improving the quality and cash-flow growth potential of our portfolio.”

Key Stats (on next page)…

Revenue increased 15.44% from $63.41 million in the previous quarter. EPS were the same at $0.11 as the previous quarter.

Looking Forward: Analysts have a neutral outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings is a profit of $0.11 and has not changed. For the current year, the average estimate is a profit of $0.43, which is the same with that ninety days ago.

Stocks with improving earnings metrics are worthy of your extra attention. In fact, “E = Earnings Are Increasing Quarter-Over-Quarter” is a core component of our CHEAT SHEET investing framework for this very reason. Don’t waste another minute – click here and get our CHEAT SHEET stock picks now.

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