Kimco Realty Corp Fourth Quarter Earnings Sneak Peek

S&P 500 (NYSE:SPY) component Kimco Realty Corp (NYSE:KIM) will unveil its latest earnings on Wednesday, February 8, 2012. Kimco Realty is a real estate investment trust (REIT) that owns and operates neighborhood and community shopping centers. The company is primarily engaged in acquisitions, development, and management of its properties. .

Kimco Realty Corp Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for net income of 30 cents per share, a rise of 3.4% 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 31 cents. Between one and three months ago, the average estimate moved down. It has been unchanged at 30 cents during the last month. For the year, analysts are projecting profit of $1.19 per share, a rise of 5.3% from last year.

Past Earnings Performance: The company met estimates last quarter after beating the forecasts in the prior two. In the third quarter, the company reported net income of 30 cents per share versus a mean estimate of profit of 30 cents per share. In the second quarter, the company beat estimates by 0 cents.

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Wall St. Revenue Expectations: Analysts are projecting a rise of 2.6% in revenue from the year-earlier quarter to $220.8 million.

Analyst Ratings: Analysts are bullish on this stock with nine analysts rating it as a buy, none rating it as a sell and eight rating it as a hold. Over the past 90 days, the average rating for the stock has moved up from hold to moderate buy.

A Look Back: In the third quarter, profit rose 81.3% to $55 million (10 cents a share) from $30.3 million (4 cents a share) the year earlier, meeting analyst expectations. Revenue rose 1.5% to $226.5 million from $223.1 million.

Key Stats:

A year-over-year revenue increase in the third quarter snapped a streak of two consecutive quarters of revenue declines. Revenue fell 0.1% in the second quarter and 4.7% in the first quarter.

The company has seen net income rise in two straight quarters. In the second quarter, profit rose 57.3%.

Stock Price Performance: During December 5, 2011 to February 2, 2012, the stock price had risen $2.94 (18.9%) from $15.58 to $18.52. The stock price saw one of its best stretches over the last year between January 9, 2012 and January 25, 2012 when shares rose for 12-straight days, rising 15.6% (+$2.53) over that span. It saw one of its worst periods between July 22, 2011 and August 8, 2011 when shares fell for 12-straight days, falling 27.9% (-$5.53) over that span.

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

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To contact the reporter on this story: Derek Hoffman at staff.writers@wallstcheatsheet.com

To contact the editor responsible for this story: Damien Hoffman at editors@wallstcheatsheet.com