Simon Property Group Inc. First Quarter Earnings Sneak Peek

S&P 500 (NYSE:SPY) component Simon Property Group, Inc. (NYSE:SPG) will unveil its latest earnings on Friday, April 27, 2012. Simon Property Group operates as a real estate investment trust that owns, develops and manages retail real estate properties.

Simon Property Group, Inc. Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average analyst estimate is for profit of $1.68 per share, a rise of 4.3% from the company’s actual earnings for the year-ago quarter. During the past three months, the average estimate has moved down from $1.69. Between one and three months ago, the average estimate moved down. It has been unchanged at $1.68 during the last month. Analysts are projecting profit to rise by 7.5% compared to last year’s $7.41.

Past Earnings Performance: Last quarter, the company beat estimates by one cent, coming in at net income of $1.91 a share versus the estimate of profit of $1.90 a share. It marked the fourth straight quarter of beating estimates.

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Wall St. Revenue Expectations: On average, analysts predict $1.05 billion in revenue this quarter, a rise of 2.9% from the year-ago quarter. Analysts are forecasting total revenue of $4.68 billion for the year, a rise of 8.6% from last year’s revenue of $4.31 billion.

Analyst Ratings: Analysts are optimistic about this stock, with 12 analysts rating it as a buy, one rating it as a sell and six rating it as a hold.

A Look Back: In the fourth quarter of the last fiscal year, profit rose 66.3% to $363.8 million ($1.24 a share) from $218.8 million (75 cents a share) the year earlier, exceeding analyst expectations. Revenue rose 24.2% to $1.33 billion from $1.07 billion.

Key Stats:

After experiencing income increases the last three quarters, the company is hoping to keep the good news coming with this earnings announcement. Net income rose 35.6% in the second quarter of the last fiscal year and 18.7% in the third quarter of the last fiscal year before increasing again in the fourth quarter of the last fiscal year.

On the top line, the company is looking to build on four-straight revenue increases heading into this earnings announcement. Revenue rose 32.4% in the first quarter of the last fiscal year, 10.8% in the second quarter of the last fiscal year and 5.2% in the third quarter of the last fiscal year before increasing again in the fourth quarter of the last fiscal year of the last fiscal year.

Stock Price Performance: Between January 26, 2012 and April 23, 2012, the stock price rose $13.04 (9.6%), from $135.58 to $148.62. It saw one of its worst periods between July 28, 2011 and August 8, 2011 when shares fell for eight straight days, dropping 17.3% (-$20.47) over that span. The stock price saw one of its best stretches over the last year between June 23, 2011 and July 7, 2011, when shares rose for 10 straight days, increasing 8.6% (+$9.40) over that span.

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

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