Mid-America Apartment Communities Earnings Preview: Can This Streak Continue?

Mid-america Apartment Communities (NYSE:MAA) will report earnings after markets close on Wednesday, May 1st. Mid-America Apartment Communities, Inc. is a self-administered and self-managed real estate investment trust which owns, develops, acquires and operates multi family apartment communities in the southeast and midwest United States and Texas. In addition, the Company conducts third party property management, development and construction activities through its service corporation.

Here is your Cheat Sheet to Mid-america Apartment Communities Earnings:

Earnings Expectations: Analysts expect earnings of $1.18 per share on revenues of $131.58 million. Currently, the company’s P/E ratio stands at 26.76.

Analyst Trends:

Analysts have a more positive outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has risen from a profit of $1.2 to a profit $1.22. For the current year, the average estimate is a profit of $4.86, which is better than the estimate ninety days ago.

Earnings Trends:

Here’s how Mid-america Apartment Communities has been performing on an annual basis:

Fiscal Year 2008 2009 2010 2011 2012
Revenue ($) in millions 370.01 378.54 380.14 430.81 497.16
Diluted EPS ($) 0.64 0.85 0.56 1.31 2.56

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 ($) in millions 114.07 119.63 123.92 127.11 132.42
Diluted EPS ($) 0.4668 0.60 0.69 0.74 0.5064

Past Performance:
Mid-america Apartment Communities 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] wallstcheatsheet.com)