Post Properties Earnings: Here’s Why Investors are Buying Shares Now
Post Properties Inc. (NYSE:PPS) delivered a profit and beat Wall Street’s expectations, BUT came up short on beating the revenue expectation. The revenue miss is a negative sign to shareholders seeking high growth out of the company. Shares are up 0.81%.
Post Properties Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 15.63% to $0.74 in the quarter versus EPS of $0.64 in the year-earlier quarter.
Revenue: Rose 1.67% to $87.5 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Post Properties Inc. reported adjusted EPS income of $0.74 per share. By that measure, the company beat the mean analyst estimate of $0.71. It missed the average revenue estimate of $87.57 million.
Quoting Management: Said Dave Stockert, Post’s CEO, “We are pleased to produce growth in core funds from operations for the quarter of more than 15 percent. These results point to the ongoing momentum in apartment market fundamentals, the strength of our capital position and the attractive return potential of our new projects in development.”
Key Stats (on next page)…
Revenue decreased 5.49% from $92.58 million in the previous quarter. EPS increased 4.23% from $0.71 in the previous quarter.
Looking Forward: 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 $0.72 to a profit $0.73. For the current year, the average estimate has moved up from a profit of $2.86 to a profit of $2.88 over the last ninety days.
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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)