Investors Real Estate Trust Earnings Preview: Get Ahead of the Analysts
Investors Real Estate Trust (NASDAQ:IRET) will report earnings after markets close on Monday, July 1st. Investors Real Estate Trust is a Real Estate Investment Trust (REIT), which is structured as an umbrella real estate investment trust (UPREIT). The company owns and operates residential, commercial, retail, and office properties. Investors Real Estate Trust also has investments in mortgages and contracts for deeds secured by real estate.
Here is your Cheat Sheet to Investors Real Estate Trust Earnings:
Earnings Expectations: Analysts expect earnings of $0.17 per share on revenues of $65.93 million. Currently, the company’s P/E ratio stands at 61.98.
Analysts have a neutral outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings is a profit of $0.17 and has not changed. For the current year, the average estimate is a profit of $0.67, which is worse than the estimate ninety days ago.
Here’s how Investors Real Estate Trust has been performing on an annual basis:
|Revenue ($) in millions||240||243||237||242|
|Diluted EPS ($)||0.11||0.03||0.22||0.07|
Next, our CHEAT SHEET investing framework asks us to drill down to the recent quarterly data:
|Quarter||Apr. 30, 2012||Jul. 31, 2012||Oct. 31, 2012||Jan. 31, 2013|
|Revenue ($) in millions||60.62||62.41||64.94||66.23|
|Diluted EPS ($)||0.03||0.01||0.06||0.03|
Investors Real Estate Trust has beat analyst estimates 2 times in the past four quarters. This is not consistent enough to get bullish yet.
“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)