Simon Property Group Earnings Preview: Can This Streak Continue?
Simon Property Group (NYSE:SPG) will report earnings before markets open on Friday, April 26th. Simon Property Group, Inc. is a self-administered and self-managed, real estate investment trust. The Company owns, develops, and manages retail real estate properties including regional malls, outlet centers, community/lifestyle centers, and international properties.
Here is your Cheat Sheet to Simon Property Group Earnings:
Earnings Expectations: Analysts expect earnings of $2.01 per share on revenues of $1.19 billion. Currently, the company’s P/E ratio stands at 37.31.
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 $2.01 to a profit $2.04. For the current year, the average estimate is a profit of $8.58, which is better than the estimate ninety days ago.
Here’s how Simon Property Group has been performing on an annual basis:
|Revenue ($) in millions||3,783||3,775||3,958||4,306||4,880|
|Diluted EPS ($)||1.87||1.05||2.10||3.48||4.72|
Next, our CHEAT SHEET investing framework asks us to drill down to the recent quarterly data:
|Quarter||Dec. 31, 2011||Mar. 31, 2012||Jun. 30, 2012||Sep. 30, 2012||Dec. 31, 2012|
|Revenue ($) in millions||1,171||1,119||1,188||1,229||1,344|
|Diluted EPS ($)||1.24||2.18||0.71||0.84||0.99|
Simon Property Group has beat analyst estimates 4 times in the past four quarters. Shareholders could expect a boost if the company beats estimates.
“E = Earnings Are Increasing Quarter-Over-Quarter” is a core component of our successful CHEAT SHEET investing framework. Don’t waste another minute – click here to discover our CHEAT SHEET stock picks now!