Taubman Centers Earnings: Everything You Must Know Now

Taubman Centers Inc. (NYSE:TCO) 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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Taubman Centers Inc. Earnings Cheat Sheet

Results: Adjusted Earnings Per Share increased 20% to $0.90 in the quarter versus EPS of $0.75 in the year-earlier quarter.

Revenue: Rose 8.27% to $183.25 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: Taubman Centers Inc. reported adjusted EPS income of $0.90 per share. By that measure, the company beat the mean analyst estimate of $0.85. It beat the average revenue estimate of $179.46 million.

Quoting Management: “We’re pleased to kick off 2013 with this strong performance,” said Robert S. Taubman, chairman, president and chief executive officer of Taubman Centers. “Our results were propelled by increased rents and recoveries. We also received significant contributions from our newest center, City Creek Center (Salt Lake City, Utah), and our recent acquisitions of additional interests in International Plaza (Tampa, Fla.) and Waterside Shops (Naples, Fla.).”

Key Stats (on next page)…

Revenue decreased 12.62% from $209.71 million in the previous quarter. EPS decreased 10% from $1.00 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 $0.82 to a profit $0.80. For the current year, the average estimate has moved up from a profit of $3.57 to a profit of $3.67 over the last ninety days.

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