Simon Property Group Fourth Quarter Earnings Sneak Peek

S&P 500 (NYSE:SPY) component Simon Property Group (NYSE:SPG) will unveil its latest earnings tomorrow, Monday, February 4, 2013. Simon Property Group operates as a real estate investment trust that owns, develops and manages retail real estate properties.

Simon Property Group Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for net income of $2.17 per share, a rise of 13.6% from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved up from $2.15. Between one and three months ago, the average estimate moved up. It has risen from $2.16 during the last month. Analysts are projecting profit to rise by 14.1% versus last year to $7.86.

Past Earnings Performance: Last quarter, the company beat estimates by 7 cents, coming in at profit of $1.99 a share versus the estimate of net income of $1.92 a share. It marked the fourth straight quarter of beating estimates.

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Wall St. Revenue Expectations: Analysts predict a rise of 11.1% in revenue from the year-earlier quarter to $1.3 billion.

Stock Price Performance: Between November 29, 2012 and January 29, 2013, the stock price had risen $11.54 (7.6%), from $151.25 to $162.79. The stock price saw one of its best stretches over the last year between January 16, 2013 and January 29, 2013, when shares rose for nine straight days, increasing 1.9% (+$3.07) over that span. It saw one of its worst periods between May 11, 2012 and May 18, 2012 when shares fell for six straight days, dropping 7.5% (-$11.74) over that span.

A Look Back: In the third quarter, profit fell 6.9% to $255.8 million (84 cents a share) from $274.8 million (93 cents a share) the year earlier, but exceeded analyst expectations. Revenue rose 8% to $1.26 billion from $1.17 billion.

Here’s how Simon Property Group traded following its last earnings report 3 months ago and leading up to its upcoming earnings report this week:

SPg

Key Stats:

The company is looking to get back on track with this earnings announcement after a profit drop last quarter snapped a positive string of results. Net income rose 66.3% in the fourth quarter of the last fiscal year, more than threefold in the first quarter and 5% in the second quarter before declining in the third quarter.

On the top line, the company is looking to build on four-straight revenue increases heading into this earnings announcement. Revenue rose 24.2% in the fourth quarter of the last fiscal year, 58.5% in the first quarter and 13.8% in the second quarter before increasing again in the third quarter.

Analyst Ratings: With 13 analysts rating the stock a buy, one rating it a sell and three rating the stock a hold, there are indications of a bullish stance by analysts.

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(Company fundamentals by Xignite Financials. Earnings estimates provided by Zacks)