Stag Industrial Earnings: Here’s Why the Stock is Falling Now

Stag Industrial Inc (NYSE:STAG) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are down 0.14%.

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Stag Industrial Inc Earnings Cheat Sheet

Results: Adjusted Earnings Per Share increased 10% to $0.33 in the quarter versus EPS of $0.30 in the year-earlier quarter.

Revenue: Rose 68.15% to $30.3 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: Stag Industrial Inc reported adjusted EPS income of $0.33 per share. By that measure, the company beat the mean analyst estimate of $0.32. It beat the average revenue estimate of $28.75 million.

Quoting Management: “We are very pleased with our performance in the first quarter as the operations and acquisitions momentum from 2012 continued to carry forward. We were able to generate over $60 million in accretive acquisitions versus $38 million in the first quarter of 2012. We continue to see a significant amount of acquisition opportunities and strong leasing activity,” commented Benjamin Butcher, Chief Executive Officer.

Key Stats (on next page)…

Revenue increased 17.58% from $25.77 million in the previous quarter. EPS increased 0% from $0.33 in the previous quarter.

Looking Forward: Analysts have a neutral outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings is a profit of $0.33 and has not changed. For the current year, the average estimate has moved up from a profit of $1.31 to a profit of $1.34 over the last ninety days.

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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)

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