HCP, Inc. First Quarter Earnings Sneak Peek

S&P 500 (NYSE:SPY) component HCP, Inc. (NYSE:HCP) will unveil its latest earnings on Tuesday, May 1, 2012. HCP is a real estate investment trust that acquires, develops, leases, manages healthcare real estate and offers financing to healthcare providers.

HCP Investors, Inc. Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for net income of 67 cents per share, a rise of 19.6% 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 69 cents. Between one and three months ago, the average estimate moved down. It also has dropped from 68 cents during the last month. For the year, analysts are projecting profit of $2.75 per share, a rise of 2.2% from last year.

Past Earnings Performance: The company missed estimates last quarter after beating forecasts in the prior two. In the fourth quarter of the last fiscal year, the company reported net income of 67 cents per share versus a mean estimate of profit of 68 cents per share. In the third quarter of the last fiscal year, the company beat estimates by one cent.

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Wall St. Revenue Expectations: On average, analysts predict $462.7 million in revenue this quarter, a rise of 57.9% from the year-ago quarter. Analysts are forecasting total revenue of $1.88 billion for the year, a rise of 8.7% from last year’s revenue of $1.73 billion.

Analyst Ratings: Analysts are bullish on Health Care Property Investors, as five analysts rate it as a buy, four rate it as a sell and seven rate it as a hold.

A Look Back: In the fourth quarter of the last fiscal year, profit fell 52.2% to $67.8 million (15 cents a share) from $141.9 million (43 cents a share) the year earlier, missing analyst expectations. Revenue rose 30.3% to $455.6 million from $349.7 million.

Key Stats:

The company enters this earnings announcement with substantial revenue momentum. The company has averaged year-over-year revenue growth of 36.6% over the last four quarters.

After last quarter’s profit drop broke a string of income increases, this earnings announcement is definitely a chance for a rebound. Net income rose more than twofold in the second quarter of the last fiscal year and more than sevenfold in the third quarter of the last fiscal year before dropping in the fourth quarter of the last fiscal year.

Stock Price Performance: Between April 19, 2012 and April 25, 2012, the stock price rose $1.68 (4.3%), from $39.07 to $40.75. It saw one of its worst periods between April 2, 2012 and April 10, 2012 when shares fell for six straight days, dropping 4.8% (-$1.92) over that span. The stock price saw one of its best stretches over the last year between December 19, 2011 and December 27, 2011, when shares rose for six straight days, increasing 7.9% (+$3.02) over that span.

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

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