Getty Realty Corp. Second Quarter Earnings Sneak Peek

Getty Realty Corp. (NASDAQ:GTY) will unveil its latest earnings on Thursday, July 28, 2011. Getty Realty Corporation is a real estate investment trust in the United States specializing in the ownership and leasing of retail motor fuel and convenience store properties and petroleum distribution terminals. Should Real Estate Agents Say Goodbye to Lofty Commissions?>>

Getty Realty Corp. Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for net income of 56 cents per share, a rise of 21.7% from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved up from 49 cents. For the year, analysts are projecting profit of $2.17 per share, a rise of 21.2% from last year.

Past Earnings Performance: The company is looking to top analyst estimates this quarter after trailing for the two previous quarters. Last quarter, it missed estimates by reporting net income of 50 cents per share against an estimate of profit of 52 cents per share. The quarter before that, it missed expectations by 2 cents.

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Wall St. Revenue Expectations: On average, analysts predict $26.6 million in revenue this quarter, a rise of 22.4% from the year ago quarter. Analysts are forecasting total revenue of $106.8 million for the year, a rise of 20.9% from last year’s revenue of $88.3 million.

Key Stats:

The decrease in profit in the first quarter breaks a streak of three consecutive quarters of year-over-year profit increases. Net income fell 4.4% in the first quarter from the year earlier, while the figure rose 10.2% in the fourth quarter of the last fiscal year, 9.6% in the third quarter of the last fiscal year and 2.6% in the second quarter of the last fiscal year.

Over the last four quarters, revenue has increased 4.7% on average year over year. The biggest increase came in the most recent quarter, when revenue rose 12.6% from the year earlier quarter.

Competitors to Watch: Alexander’s, Inc. (NYSE:ALX), Federal Realty Inv. Trust (NYSE:FRT), American Assets Trust, Inc (NYSE:AAT), Realty Income Corp (NYSE:O), Weingarten Realty Investors (NYSE:WRI), Kite Realty Group Trust (NYSE:KRG), Agree Realty Corporation (NYSE:ADC), Acadia Realty Trust (NYSE:AKR), Cedar Shopping Centers Inc (NYSE:CDR), and Regency Centers Corp. (NYSE:REG).

Stock Price Performance: During July 20, 2011 to July 26, 2011, the stock price had dropped 43 cents (-1.7%) from $25.74 to $25.31. The stock price saw one of its best stretches over the last year between March 28, 2011 and April 7, 2011 when shares rose for nine-straight days, rising 10.4% (+$2.29) over that span. It saw one of its worst periods between January 5, 2011 and January 13, 2011 when shares fell for seven-straight days, falling 5.8% (-$1.72) over that span. Shares are down $4.75 (-15.8%) year to date.

(Source: Xignite Financials)

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