Home Properties Earnings Preview: Can This Streak Continue?

Home Properties (NYSE:HME) will report earnings after markets close on Thursday, May 2nd. Home Properties, Inc. is a real estate investment trust with operations in selected Northeast, Midwest, and Mid-Atlantic markets in the United States. The Company owns, operates, acquires, and rehabilitates apartment communities. Home Properties also manages commercial space.

Here is your Cheat Sheet to Home Properties Earnings:

Earnings Expectations: Analysts expect earnings of $1.03 per share on revenues of $169.40 million. Currently, the company’s P/E ratio stands at 24.23.

Analyst Trends:

Analysts have a more positive outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has risen from a profit of $1.07 to a profit $1.08. For the current year, the average estimate is a profit of $4.38, which is better than the estimate ninety days ago.

Earnings Trends:

Here’s how Home Properties has been performing on an annual basis:

Fiscal Year 2008 2009 2010 2011 2012
Revenue ($) in millions 494.04 499.18 516.58 561.56 644.35
Diluted EPS ($) 2.04 1.04 0.54 0.89 2.69

Next, our CHEAT SHEET investing framework asks us to drill down to the recent quarterly data:

Quarter Dec. 31, 2011 Mar. 31, 2012 Jun. 30, 2012 Sep. 30, 2012 Dec. 31, 2012
Revenue ($) in millions 138.49 160.32 162.36 168.02 156.17
Diluted EPS ($) 0.2855 0.31 0.28 0.71 1.342

Past Performance:
Home Properties has beat analyst estimates 4 times in the past four quarters. Shareholders could expect a boost if the company beats estimates.

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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)