Entertainment Properties Trust Earnings: Here’s Why Investors are Ambivalent Now

Entertainment Properties Trust (NYSE:EPR) delivered a profit and missed Wall Street’s expectations, BUT beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company.

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Entertainment Properties Trust Earnings Cheat Sheet

Results: Adjusted Earnings Per Share increased 9.3% to $0.94 in the quarter versus EPS of $0.86 in the year-earlier quarter.

Revenue: Rose 7.04% to $83.35 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: Entertainment Properties Trust reported adjusted EPS income of $0.94 per share. By that measure, the company missed the mean analyst estimate of $0.95. It beat the average revenue estimate of $63.13 million.

Quoting Management: David Brain, President and CEO, commented, “I am pleased to report that we have continued our positive forward momentum with a strong start to 2013, realizing 9% year over year growth in FFO as adjusted. We made ongoing progress in the expansion of each of our primary investment segments, investing in new assets with strong fundamentals. While we are seeing some quarterly variability in the timing of our capital spend, we believe we have ample current investment commitments and opportunities in our pipeline to meet our annual guidance.”

Key Stats (on next page)…

Revenue increased 1.45% from $82.16 million in the previous quarter. EPS increased 8.05% from $0.87 in the previous quarter.

Looking Forward: Analysts have a more positive outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has risen from a profit of $0.96 to a profit $0.98. For the current year, the average estimate has moved up from a profit of $3.87 to a profit of $3.9 over the last ninety days.

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