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.
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 $4.38, which is better than the estimate ninety days ago.
Here’s how Home Properties has been performing on an annual basis:
|Revenue ($) 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|
Home Properties has beat analyst estimates 4 times in the past four quarters. Shareholders could expect a boost if the company beats estimates.
“E = Earnings Are Increasing Quarter-Over-Quarter” is a core component of our successful CHEAT SHEET investing framework. Don’t waste another minute – click here to discover our CHEAT SHEET stock picks now!
(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)