The St. Joe Company Second Quarter Earnings Sneak Peek

The St. Joe Company (NASDAQ:JOE) will unveil its latest earnings on Monday, August 1, 2011. The St Joe Co. is a real estate development company which is engaged in residential, commercial and industrial development and rural land sales.

The St. Joe Company Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for net loss of 10 cents per share, a wider loss from the year earlier quarter net loss of 8 cents. During the past three months, the average estimate has moved down from a loss of 8 cents. Between one and three months ago, the average estimate moved down, but it has been unchanged at a loss of 10 cents during the last month.

Past Earnings Performance: The company missed estimates last quarter after beating forecasts in the prior two. In the first quarter, the company reported a loss of 21 cents per share versus a mean estimate of net loss of 6 cents per share. In fourth quarter of the last fiscal year, the company beat estimates by 18 cents.

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Wall St. Revenue Expectations: On average, analysts predict $21.3 million in revenue this quarter, a decline of 3.2% from the year ago quarter. Analysts are forecasting total revenue of $128.8 million for the year, a rise of 29.4% from last year’s revenue of $99.5 million.

Analyst Ratings: The limited number of analysts covering the stock seem relatively indifferent about St. Joe Company with two of three analysts surveyed maintaining a hold rating.

Key Stats:

St. Joe Company’s profit in the latest quarter follows losses in the three previous quarters. The company reported a profit of $14.1 million in the first quarter, a loss of $2.7 million in the fourth quarter of the last fiscal year, a loss of $13.1 million in the third of the last fiscal year and a loss of $8.6 million in the second quarter of the last fiscal year.

The company’s revenue has now risen for two straight quarters. In first quarter, revenue increased more than fivefold to $73.4 million from the year earlier quarter. In the fourth quarter of the last fiscal year, the figure rose 13.1%.

Competitors to Watch: Forestar Group Inc. (NYSE:FOR), Stratus Properties Inc. (NASDAQ:STRS), CB Richard Ellis Group, Inc. (NYSE:CBG), Tejon Ranch Company (NYSE:TRC), Avatar Holdings Inc. (NASDAQ:AVTR), Income Opportunity Realty Investors, Inc (AMEX:IOT), Pope Resources L.P. (NASDAQ:POPE), and Alico, Inc. (NASDAQ:ALCO).

Stock Price Performance: During April 29, 2011 to July 26, 2011, the stock price had fallen $8.02 (-30.7%) from $26.12 to $18.10. The stock price saw one of its best stretches over the last year between January 7, 2011 and January 21, 2011 when shares rose for 10-straight days, rising 20.2% (+$4.65) over that span. It saw one of its worst periods between May 5, 2011 and May 26, 2011 when shares fell for 16-straight days, falling 15.1% (-$3.86) over that span. Shares are down $3.75 (-17.2%) year to date.

(Source: Xignite Financials)

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