Post Properties Earnings: Here’s Why Investors are Ambivalent Now

Post Properties Inc. (NYSE:PPS) delivered a profit and beat 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.

Post Properties Inc. Earnings Cheat Sheet

Results: Adjusted Earnings Per Share increased 19.18% to $0.87 in the quarter versus EPS of $0.73 in the year-earlier quarter.

Revenue: Decreased 0.25% to $90.5 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: Post Properties Inc. reported adjusted EPS income of $0.87 per share. By that measure, the company beat the mean analyst estimate of $0.73. It beat the average revenue estimate of $89.81 million.

Quoting Management: Said Dave Stockert, Post’s CEO, “We were pleased to produce another quarter of strong earnings growth. Highlights included the increasing contribution to earnings from the lease-up of apartment communities in development and the 100% sell-out of our Austin condominium project. We were also pleased to be able to increase the dividend to common shareholders.”

Key Stats (on next page)…

Revenue decreased 5.15% from $95.41 million in the previous quarter. EPS increased 17.57% from $0.74 in the previous quarter.

Looking Forward: 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 $0.73 and has not changed. For the current year, the average estimate has moved up from a profit of $2.88 to a profit of $2.89 over the last ninety days.

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

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