Kimco Realty Third Quarter Earnings Sneak Peek

S&P 500 (NYSE:SPY) component Kimco Realty (NYSE:KIM) will unveil its latest earnings on Tuesday, October 30, 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 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. The average estimate is the same as three months ago. Between one and three months ago, the average estimate was unchanged. It also has not changed during the last month. Analysts are projecting profit to rise by 4.2% versus last year to $1.25.

Past Earnings Performance: Last quarter, the company met expectations by reporting profit of 31 cents per share last quarter. In the previous first quarter, the company beat estimates by one cent.

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A Look Back: In the second quarter, profit rose 78.5% to $69.1 million (12 cents a share) from $38.7 million (6 cents a share) the year earlier, meeting analyst expectations. Revenue rose 3.3% to $238.3 million from $230.8 million.

Wall St. Revenue Expectations: Analysts predict a rise of 5% in revenue from the year-earlier quarter to $226.8 million.

Stock Price Performance: Between October 18, 2012 and October 24, 2012, the stock price dropped 91 cents (-4.4%), from $20.85 to $19.94. 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, increasing 15.6% (+$2.53) over that span. It saw one of its worst periods between March 27, 2012 and April 10, 2012 when shares fell for 10 straight days, dropping 8.9% (-$1.73) over that span.

Key Stats:

This upcoming earnings announcement will be a chance to build on positive earnings momentum over the last three quarters. Net income rose 25.1% in the fourth quarter of the last fiscal year and 85.2% in the first quarter before increasing again in the second quarter.

On the top line, the company is looking to build a positive trend after last quarter’s growth snapped a string of drops. Revenue fell 2.5% in the fourth quarter of the last fiscal year and 2.1% in the first quarter before climbing in the second quarter.

Analyst Ratings: With nine analysts rating the stock a buy, none rating it a sell and eight rating the stock a hold, there are indications of a bullish stance by analysts.

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

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