Equity One Inc. Fourth Quarter Earnings Sneak Peek

Equity One, Inc. (NYSE:EQY) will unveil its latest earnings on Wednesday, February 22, 2012. Equity One operates as a self-managed real estate investment trust which mainly acquires, renovates, develops, and manages neighborhood and community shopping centers anchored by leading supermarkets, drug stores, or discount retail store chains.

Equity One, Inc. Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average analyst estimate is for profit of 27 cents per share, no change from the company’s actual earnings for the year-ago quarter. 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. Analysts are projecting profit to rise by 10% versus last year to 90 cents.

Past Earnings Performance: Last quarter, the company fell short of estimates by one cent, coming in at net income of 10 cents per share against a mean estimate of profit of 26 cents. The company topped expectations in the second quarter.

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Wall St. Revenue Expectations: Analysts are projecting a rise of 5.1% in revenue from the year-earlier quarter to $76.1 million.

Analyst Ratings: Analysts seem relatively indifferent about Equity One with 10 of 14 analysts surveyed maintaining a hold rating.

A Look Back: In the third quarter, the company swung to a loss of $4.7 million (4 cents a share) from a profit of $5.1 million (5 cents) a year earlier, missing analyst expectations. Revenue rose 11.9% to $79.2 million from $70.8 million.

Key Stats:

Revenue has gone up in the past four quarters. Revenue rose 31.8% in the second quarter from the year earlier, climbed more than twofold in the first quarter from the year-ago quarter and 6.5% in the fourth quarter of the last fiscal year.

In the latest quarter, Equity One reported a loss that snapped a three-quarter streak of profit. The company reported a profit of $7.4 million in the second quarter, a profit of $58.5 million in the first and a profit of $8.3 million in the fourth quarter of the last fiscal year.

Stock Price Performance: Between November 18, 2011 and February 16, 2012, the stock price rose $3.60 (22.2%), from $16.22 to $19.82. The stock price saw one of its best stretches over the last year between June 23, 2011 and July 8, 2011, when shares rose for 11 straight days, increasing 9.1% (+$1.60) over that span. It saw one of its worst periods between July 29, 2011 and August 8, 2011 when shares fell for seven straight days, dropping 22.1% (-$4.17) over that span.

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

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To contact the reporter on this story: Derek Hoffman at staff.writers@wallstcheatsheet.com

To contact the editor responsible for this story: Damien Hoffman at editors@wallstcheatsheet.com