Kimco Realty Earnings: Everything You Must Know Now

Kimco Realty Corporation (NYSE:KIM) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company.

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Kimco Realty Corporation Earnings Cheat Sheet

Results: Adjusted Earnings Per Share increased 6.45% to $0.33 in the quarter versus EPS of $0.31 in the year-earlier quarter.

Revenue: Rose 4.64% to $241.2 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: Kimco Realty Corporation reported adjusted EPS income of $0.33 per share. By that measure, the company beat the mean analyst estimate of $0.32. It beat the average revenue estimate of $226.2 million.

Quoting Management: There was no comment from the management.

Key Stats (on next page)…

Revenue increased 2.58% from $235.13 million in the previous quarter. EPS decreased 0% from $0.33 in the previous quarter.

Looking Forward: 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 $0.33 and has not changed. For the current year, the average estimate has moved down from a profit of $1.32 to a profit of $1.31 over the last ninety days.

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

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