General Growth Properties Earnings: Everything You Must Know Now
General Growth Properties Inc. (NYSE:GGP) delivered a profit and beat Wall Street’s expectations, BUT came up short on beating the revenue expectation. The revenue miss is a negative sign to shareholders seeking high growth out of the company.
General Growth Properties Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 17.39% to $0.27 in the quarter versus EPS of $0.23 in the year-earlier quarter.
Revenue: Rose 23.61% to $613.22 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: General Growth Properties Inc. reported adjusted EPS income of $0.27 per share. By that measure, the company beat the mean analyst estimate of $0.25. It missed the average revenue estimate of $670.54 million.
Key Stats (on next page)…
Revenue increased 4.3% from $587.94 million in the previous quarter. EPS increased 8% from $0.25 in the previous quarter.
Looking Forward: Analysts have a neutral outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings is a profit of $0.27 and has not changed. For the current year, the average estimate is a profit of $1.11, which is the same with that ninety days ago.
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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)