Taubman Centers Earnings Preview: Can This Streak Continue?

Taubman Centers (NYSE:TCO) will report earnings after markets close on Thursday, April 25th. Taubman Centers, Inc. is a real estate investment trust which, through its operating partnership, the Taubman Realty Group LP, holds interests in and owns, develops, acquires and operates regional shopping centers. Its activities include centers’ management, leasing and expansion.

Here is your Cheat Sheet to Taubman Centers Earnings:

Earnings Expectations: Analysts expect earnings of $0.84 per share on revenues of $179.46 million. Currently, the company’s P/E ratio stands at 58.64.

Analyst Trends:

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 $0.8. For the current year, the average estimate is a profit of $3.66, which is better than the estimate ninety days ago.

Earnings Trends:

Here’s how Taubman Centers has been performing on an annual basis:

Fiscal Year 2008 2009 2010 2011 2012
Revenue ($) in millions 671.50 637.46 626.43 644.92 747.97
Diluted EPS ($) -1.64 -1.30 0.86 3.03 1.37

Next, our CHEAT SHEET investing framework asks us to drill down to the recent quarterly data:

Quarter Dec. 31, 2011 Mar. 31, 2012 Jun. 30, 2012 Sep. 30, 2012 Dec. 31, 2012
Revenue ($) in millions 187.32 169.26 179.46 189.54 209.71
Diluted EPS ($) 2.55 0.30 0.27 0.35 0.45

Past Performance:
Taubman Centers has beat analyst estimates 4 times in the past four quarters. Shareholders could expect a boost if the company beats estimates.

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