Simon Property Group Third Quarter Earnings Sneak Peek

S&P 500 (NYSE:SPY) component Simon Property Group (NYSE:SPG) will unveil its latest earnings on Thursday, October 25, 2012. 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 analyst estimate is for profit of $1.92 per share, a rise of 12.3% from the company’s actual earnings for the year-ago quarter. During the past three months, the average estimate has moved up from $1.88. Between one and three months ago, the average estimate moved up. It has been unchanged at $1.92 during the last month. Analysts are projecting profit to rise by 12.5% compared to last year’s $7.75.

Past Earnings Performance: The company has beaten estimates the last four quarters and is coming off a quarter where it topped forecasts by 9 cents, reporting net income of $1.89 per share against a mean estimate of profit of $1.80 per share.

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Wall St. Revenue Expectations: Analysts predict a rise of 11.2% in revenue from the year-earlier quarter to $1.19 billion.

A Look Back: In the second quarter, profit rose 5% to $216.3 million (71 cents a share) from $206 million (70 cents a share) the year earlier, exceeding analyst expectations. Revenue rose 13.8% to $1.22 billion from $1.07 billion.

Stock Price Performance: Between July 26, 2012 and October 19, 2012, the stock price fell $5.46 (-3.4%), from $159 to $153.54. The stock price saw one of its best stretches over the last year between June 25, 2012 and July 3, 2012, when shares rose for seven straight days, increasing 5.7% (+$8.59) 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.

Key Stats:

This upcoming earnings announcement will be a chance to build on positive earnings momentum over the last three quarters. Net income rose 66.3% in the fourth quarter of the last fiscal year and more than threefold in the first quarter before increasing again in the second quarter.

On the top line, the company is looking to build on four-straight revenue increases heading into this earnings announcement. Revenue rose 5.2% in the third quarter of the last fiscal year, 24.2% in the fourth quarter of the last fiscal year and 58.5% in the first quarter before increasing again in the second quarter.

Analyst Ratings: With 11 analysts rating the stock a buy, one rating it a sell and five 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)

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