Equity Residential Fourth Quarter Earnings Sneak Peek

S&P 500 (NYSE:SPY) component Equity Residential (NYSE:EQR) will unveil its latest earnings on Tuesday, February 5, 2013. Equity Residential is a real estate investment trust company that acquires and manages apartment properties in top growth markets in the United States.

Equity Residential Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for profit of 75 cents per share, a rise of 15.4% from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved down from 76 cents. Between one and three months ago, the average estimate moved down. It has been unchanged at 75 cents during the last month. Analysts are projecting profit to rise by 13.2% versus last year to $2.75.

Past Earnings Performance: Last quarter, the company fell short of estimates by 0 cents, coming in at net income of 73 cents per share against a mean estimate of profit of 76 cents. The company fell in line with expectations in the second quarter.

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A Look Back: In the third quarter, profit rose more than twofold to $226.1 million (72 cents a share) from $107.8 million (35 cents a share) the year earlier, but fell short analyst expectations. Revenue rose 8.7% to $548.7 million from $504.7 million.

Wall St. Revenue Expectations: On average, analysts predict $551.8 million in revenue this quarter, a rise of 6.7% from the year-ago quarter. Analysts are forecasting total revenue of $2.17 billion for the year, a rise of 9.6% from last year’s revenue of $1.98 billion.

Analyst Ratings: There are mostly holds on the stock with nine of 16 analysts surveyed giving that rating.

Key Stats:

On the top line, the company is looking to build on four-straight revenue increases heading into this earnings announcement. Revenue rose 9.7% in the fourth quarter of the last fiscal year, 0.4% in the first quarter and 8.4% in the second quarter before increasing again in the third quarter.

Heading into this earnings announcement, net income has dropped 0.9% on average for the last four quarters.

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