Kimco Realty Fourth Quarter Earnings Sneak Peek

S&P 500 (NYSE:SPY) component Kimco Realty (NYSE:KIM) will unveil its latest earnings on Tuesday, February 5, 2013. 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 Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average analyst estimate is for net income of 31 cents per share, a rise of 3.3% from the company’s actual earnings for the year-ago quarter. During the past three months, the average estimate has moved down from 32 cents. Between one and three months ago, the average estimate moved down. It has been unchanged at 31 cents during the last month. Analysts are projecting profit to rise by 4.2% compared to last year’s $1.25.

Past Earnings Performance: The company met estimates last quarter after beating the forecasts in the prior two. In the third quarter, the company reported profit of 31 cents per share versus a mean estimate of net income of 31 cents per share. In the second quarter, the company beat estimates by 0 cents.

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Wall St. Revenue Expectations: On average, analysts predict $227.6 million in revenue this quarter, a rise of 2.1% from the year-ago quarter. Analysts are forecasting total revenue of $902.2 million for the year, a rise of 3.3% from last year’s revenue of $873.7 million.

Analyst Ratings: There are mostly holds on the stock with nine of 17 analysts surveyed giving that rating.

A Look Back: In the third quarter, profit remained level at $54.9 million (7 cents a share) from the year earlier, meeting analyst estimates. Revenue rose 2.2% to $231.4 million from $226.5 million.

Key Stats:

The company is looking to get back on track with this earnings announcement after a profit drop last quarter snapped a positive string of results. Net income rose 25.1% in the fourth quarter of the last fiscal year, 85.2% in the first quarter and 78.5% in the second quarter before declining in the third quarter.

On the top line, the company is looking to build on two-straight revenue increases with this earnings announcement. Revenue rose 3.3% in the second quarter before climbing again in the third quarter.

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