Liberty Property Trust Earnings: Here’s Why the Stock is Up Now

Liberty Property Trust (NYSE:LRY) delivered a profit and met 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. Shares are up 0.35%.

Liberty Property Trust Earnings Cheat Sheet

Results: Adjusted Earnings Per Share increased 4.76% to $0.66 in the quarter versus EPS of $0.63 in the year-earlier quarter.

Revenue: Rose 5.06% to $178.1 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: Liberty Property Trust reported adjusted EPS income of $0.66 per share. By that measure, the company missed the mean analyst estimate of $0.66. It beat the average revenue estimate of $176.52 million.

Quoting Management: “Going into 2013, we noted that markets were firming very slowly, but we expected pent-up demand to put positive pressure on our markets as the year progressed. In the second quarter we saw this begin to happen, as some of the opportunities we have been working on for months became signed deals,” said Bill Hankowsky, chairman and chief executive officer. “In addition, we are encouraged to see market fundamentals, including occupancy and rents, continue to strengthen.”

Key Stats (on next page)…

Revenue decreased 0.15% from $178.37 million in the previous quarter. EPS increased 1.54% from $0.65 in the previous quarter.

Looking Forward: Analysts have a more negative outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has fallen from a profit of $0.67 to a profit $0.66. For the current year, the average estimate has moved down from a profit of $2.65 to a profit of $2.64 over the last ninety days.

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