Excel Trust Earnings: Everything You Must Know Now

Excel Trust, Inc. (NYSE:EXL) 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.

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Excel Trust, Inc. Earnings Cheat Sheet

Results: Adjusted Earnings Per Share increased 10.53% to $0.21 in the quarter versus EPS of $0.19 in the year-earlier quarter.

Revenue: Rose 39.03% to $27.5 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: Excel Trust, Inc. reported adjusted EPS income of $0.21 per share. By that measure, the company beat the mean analyst estimate of $0.20. It beat the average revenue estimate of $24.67 million.

Quoting Management: “Since the beginning of the year we have moved forward on our stated objective of positioning the Company to be able to access the unsecured debt markets,” stated Gary Sabin, Chairman and CEO. “We have successfully locked in attractive debt at our West Broad property, prepaid two above market mortgages, added a quality asset to our portfolio, and issued equity through our ATM program to further strengthen our balance sheet.”

Key Stats (on next page)…

Revenue increased 9.65% from $25.08 million in the previous quarter. EPS increased 5% from $0.20 in the previous quarter.

Looking Forward: Analysts have a more negative outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has fallen from a profit of $0.21 to a profit $0.20. For the current year, the average estimate has moved down from a profit of $0.84 to a profit of $0.83 over the last ninety days.

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

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