Sun Communities Earnings: Everything You Must Know Now

Sun Communities Inc. (NYSE:SUI) 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.

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Sun Communities Inc. Earnings Cheat Sheet

Results: Adjusted Earnings Per Share increased 3.33% to $0.93 in the quarter versus EPS of $0.90 in the year-earlier quarter.

Revenue: Rose 28.1% to $103.4 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: Sun Communities Inc. reported adjusted EPS income of $0.93 per share. By that measure, the company beat the mean analyst estimate of $0.91. It beat the average revenue estimate of $84.03 million.

Quoting Management: “The Company has grown dramatically while operating metrics continue to set new standards and records with each passing quarter. When we also consider the successful efforts to strengthen the balance sheet, we see a transformed company”, said Gary A. Shiffman, Chairman and CEO. “Our primary goal now is to bring performance to the bottom line through 2013 and 2014″, added Shiffman.”

Key Stats (on next page)…

Revenue increased 17.67% from $87.87 million in the previous quarter. EPS increased 16.25% from $0.80 in the previous quarter.

Looking Forward: Analysts have a more negative outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has fallen from a profit of $0.85 to a profit $0.79. For the current year, the average estimate has moved down from a profit of $3.41 to a profit of $3.29 over the last ninety days.

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