Getty Realty Corp. Third Quarter Earnings Sneak Peek

Getty Realty Corp. (NYSE:GTY) will unveil its latest earnings on Wednesday, October 26, 2011. Getty Realty 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.

Getty Realty Corp. Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for profit of 60 cents per share, a rise of 33.3% 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 57 cents. Between one and three months ago, the average estimate moved up. It has been unchanged at 60 cents during the last month. For the year, analysts are projecting net income of $2.13 per share, a rise of 19% from last year.

Past Earnings Performance: For the past three quarters, the company’s quarterly results have come in below analyst’s expectations. Last quarter, the company reported profit of 54 cents per share versus a mean estimate of net income of 56 cents per share.

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Wall St. Revenue Expectations: On average, analysts predict $27.6 million in revenue this quarter, a rise of 25.7% from the year ago quarter. Analysts are forecasting total revenue of $107.3 million for the year, a rise of 21.5% from last year’s revenue of $88.3 million.

A Look Back: In the second quarter, profit rose 8.9% to $15.2 million (45 cents a share) from $14 million (51 cents a share) the year earlier, but fell short analyst expectations. Revenue rose 27.6% to $27.8 million from $21.8 million.

Key Stats:

The increase in profit in the second quarter came after net income fell in the previous quarter. In the first quarter, net income fell 4.4%.

The company’s revenue has risen for two straight quarters. In the first quarter, the figure rose 12.6%.

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 29, 2011 to October 24, 2011, the stock price had fallen $6.84 (-30%) from $22.82 to $15.98. It saw one of its worst periods between July 21, 2011 and August 4, 2011 when shares fell for 11-straight days, falling 16.4% (-$4.17) over that span. 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 10.3% (+$2.25) over that span. Shares are down $13.59 (-46%) year to date.

(Source: Xignite Financials)

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