Equity One, Inc. Third Quarter Earnings Sneak Peek

Equity One, Inc. (NYSE:EQY) will unveil its latest earnings on Thursday, November 1, 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, a rise of more than twofold 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. For the year, analysts are projecting net income of $1.10 per share, a decline of 1.8% from last year.

Past Earnings Performance: Last quarter, the company reported profit of 28 cents per share versus a mean estimate of net income of. The company has beaten estimates for the past three quarters.

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A Look Back: In the second quarter, profit fell 69.5% to $2.3 million (2 cents a share) from $7.4 million (7 cents a share) the year earlier, but exceeded analyst expectations. Revenue fell 10.5% to $83.8 million from $93.5 million.

Wall St. Revenue Expectations: Analysts are projecting a rise of 15.8% in revenue from the year-earlier quarter to $84.3 million.

Stock Price Performance: Between October 22, 2012 and October 26, 2012, the stock price dropped 54 cents (-2.5%), from $21.24 to $20.70. The stock price saw one of its best stretches over the last year between January 12, 2012 and January 26, 2012, when shares rose for 10 straight days, increasing 10.1% (+$1.77) over that span. It saw one of its worst periods between October 17, 2012 and October 26, 2012 when shares fell for eight straight days, dropping 4.5% (-97 cents) over that span.

Key Stats:

On the top line, the company is hoping to use this earnings announcement to snap a string of three-straight quarters of revenue declines. Revenue fell 3.4% in the fourth quarter of the last fiscal year and 41.4% in first quarter before falling again in the second quarter.

Analyst Ratings: There are mostly holds on the stock with nine of 12 analysts surveyed giving that rating.

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

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