Healthcare Realty Trust Third Quarter Earnings Sneak Peek

Healthcare Realty Trust Inc (NYSE:HR) will unveil its latest earnings on Wednesday, November 7, 2012. Healthcare Realty Trust is a real estate investment trust which integrates owning, acquiring, managing and developing income-producing real estate properties associated with delivery of outpatient healthcare services throughout the United States.

Healthcare Realty Trust Inc Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average analyst estimate is for profit of 33 cents per share, a rise of 22.2% from the company’s actual earnings for the year-ago quarter. The average estimate is the same as three months ago. Between one and three months ago, the average estimate was unchanged. It also has not changed during the last month. Analysts are projecting profit to rise by 17.4% compared to last year’s $1.35.

Past Earnings Performance: Last quarter, the company missed estimates by 30 cents, coming in at net income of 3 cents per share versus a mean estimate of profit of 33 cents per share. In the first quarter, the company beat estimates by 4 cents.

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A Look Back: In the second quarter, profit rose 44.6% to $2.9 million (4 cents a share) from $2 million (3 cents a share) the year earlier, but fell short analyst expectations. Revenue rose 7.4% to $78.9 million from $73.5 million.

Stock Price Performance: Between September 6, 2012 and November 1, 2012, the stock price had fallen $1.51 (-6.1%), from $24.93 to $23.42. The stock price saw one of its best stretches over the last year between January 13, 2012 and January 27, 2012, when shares rose for 10 straight days, increasing 11.3% (+$2.14) over that span. It saw one of its worst periods between April 2, 2012 and April 11, 2012 when shares fell for seven straight days, dropping 5.8% (-$1.28) over that span.

Wall St. Revenue Expectations: On average, analysts predict $78.5 million in revenue this quarter, a rise of 3.2% from the year-ago quarter. Analysts are forecasting total revenue of $313.8 million for the year, a rise of 5.8% from last year’s revenue of $296.6 million.

Key Stats:

On the top line, the company is looking to build on four-straight revenue increases heading into this earnings announcement. Revenue rose 16.8% in the third quarter of the last fiscal year, 14.3% in the fourth quarter of the last fiscal year and 7.6% in the first quarter before increasing again in the second quarter.

Analyst Ratings: There are mostly holds on the stock with 10 of 13 analysts surveyed giving that rating.

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

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