Simon Property Group Inc. Fourth Quarter Earnings Sneak Peek

S&P 500 (NYSE:SPY) component Simon Property Group, Inc. (NYSE:SPG) will unveil its latest earnings on Friday, February 3, 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 estimate of analysts is for profit of $1.90 per share, a rise of 5.6% from the company’s actual earnings for the same quarter a year ago. The average estimate is the same as three months ago. Between one and three months ago, the average estimate was unchanged. It also has not changed during the last month. Analysts are projecting profit to rise by 13.9% versus last year to $6.87.

Past Earnings Performance: The company has beaten estimates the last four quarters and is coming off a quarter where it topped forecasts by 4 cents, reporting net income of $1.71 per share against a mean estimate of profit of $1.67 per share.

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Wall St. Revenue Expectations: Analysts are projecting a rise of 3.6% in revenue from the year-earlier quarter to $1.16 billion.

Analyst Ratings: Analysts are bullish on this stock with 13 analysts rating it as a buy, none rating it as a sell and six rating it as a hold.

A Look Back: In the third quarter, profit rose 18.7% to $274.8 million (93 cents a share) from $231.5 million (79 cents a share) the year earlier, exceeding analyst expectations. Revenue rose 5.2% to $1.17 billion from $1.11 billion.

Key Stats:

Revenue has risen the past four quarters. Revenue rose 9.4% in the second quarter from the year earlier, climbed 32.4% in the first quarter from the year-ago quarter and 4.4% in the fourth quarter of the last fiscal year.

Competitors to Watch: General Growth Properties, Inc (NYSE:GGP), Developers Diversified Realty Corp. (NYSE:DDR), Pennsylvania R.E.I.T. (NYSE:PEI), Kimco Realty Corporation (NYSE:KIM), Ramco-Gershenson Properties Trust (NYSE:RPT), Tanger Factory Outlet Centers Inc. (NYSE:SKT), Regency Centers Corp. (NYSE:REG), Glimcher Realty Trust (NYSE:GRT), American Assets Trust, Inc (NYSE:AAT), and Kite Realty Group Trust (NYSE:KRG).

Stock Price Performance: During November 30, 2011 to January 30, 2012, the stock price had risen $11.17 (9%) from $124.34 to $135.51. It saw one of its worst periods between July 28, 2011 and August 8, 2011 when shares fell for eight-straight days, falling 17.3% (-$20.60) 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, rising 8.6% (+$9.47) over that span.

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

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To contact the reporter on this story: Derek Hoffman at staff.writers@wallstcheatsheet.com

To contact the editor responsible for this story: Damien Hoffman at editors@wallstcheatsheet.com