Mack-cali Realty Earnings Preview: Can This Streak Continue?

Mack-cali Realty (NYSE:CLI) will report earnings before markets open on Thursday, April 25th. Mack-Cali Realty Corporation is a fully integrated, self administered, self managed real estate investment trust (REIT) providing management, leasing, development, construction, and other tenant related services for its class A real estate portfolio. The properties are primarily office and office/flex buildings located in the Northeast.

Here is your Cheat Sheet to Mack-cali Realty Earnings:

Earnings Expectations: Analysts expect earnings of $0.63 per share on revenues of $176.20 million. Currently, the company’s P/E ratio stands at 58.11.

Analyst Trends:

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 $0.64 and has not changed. For the current year, the average estimate is a profit of $2.54, which is the same as the estimate ninety days ago.

Earnings Trends:

Here’s how Mack-cali Realty has been performing on an annual basis:

Fiscal Year 2008 2009 2010 2011 2012
Revenue ($) in millions 772.78 758.92 773.74 709.11 704.74
Diluted EPS ($) 0.79 0.71 0.67 0.81 0.47

Next, our CHEAT SHEET investing framework asks us to drill down to the recent quarterly data:

Quarter Dec. 31, 2011 Mar. 31, 2012 Jun. 30, 2012 Sep. 30, 2012 Dec. 31, 2012
Revenue ($) in millions 170.29 182.98 178.46 173.21 170.09
Diluted EPS ($) 0.18 0.29 0.11 0.16 -0.09

Past Performance:
Mack-cali Realty has beat analyst estimates 4 times in the past four quarters. Shareholders could expect a boost if the company beats estimates.

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