Mack-Cali Realty Earnings Preview: Get Ahead of the Analysts

Mack-Cali Realty (NYSE:CLI) will report earnings before markets open on Thursday, July 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 $0.62 per share on revenues of $177.62 million. Currently, the company’s P/E ratio stands at 80.13.

Analyst Trends:

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 $0.64 to a profit $0.61. For the current year, the average estimate is a profit of $2.45, which is worse than 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 ($) in millions 778 765 787 724 705
Diluted EPS ($) 0.79 0.59 0.67 0.81 0.47

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

Quarter Jun. 30, 2012 Sep. 30, 2012 Dec. 31, 2012 Mar. 31, 2013
Revenue ($) in millions 178.46 173.21 177.03 181.83
Diluted EPS ($) 0.11 0.16 -0.11 0.13

Past Performance:
Mack-cali Realty has beat analyst estimates 3 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] wallstcheatsheet.com)