Washington Real Estate Investment Trust Earnings: What Investors Should Watch
Washington Real Estate Investment Trust (NYSE:WRE) will report earnings after markets close on Wednesday, July 24th. Washington Real Estate Investment Trust is a self-administered equity real estate investment trust which invests in income-producing properties. The Company’s portfolio of assets consists of shopping centers, office buildings, high-rise apartment buildings and industrial properties located in the greater Washington-Baltimore region.
Here is your Cheat Sheet to Washington Real Estate Investment Trust Earnings:
Earnings Expectations: Analysts expect earnings of $0.47 per share on revenues of $76.50 million. Currently, the company’s P/E ratio stands at 72.88.
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 $0.45 and has not changed. For the current year, the average estimate is a profit of $1.81, which is worse than the estimate ninety days ago.
Here’s how Washington Real Estate Investment Trust has been performing on an annual basis:
|Revenue ($) in millions||282||307||298||290||305|
|Diluted EPS ($)||0.67||0.71||0.60||1.58||0.35|
Next, our CHEAT SHEET investing framework asks us to drill down to the recent quarterly data:
|Quarter||Jun. 30, 2012||Sep. 30, 2012||Dec. 31, 2012||Mar. 31, 2013|
|Revenue ($) in millions||76.78||77.11||77.07||76.92|
|Diluted EPS ($)||0.09||0.14||0.04||0.11|
Washington Real Estate Investment Trust has beat analyst estimates 1 time in the past four quarters. This is not consistent enough to get bullish yet.
“E = Earnings Are Increasing Quarter-Over-Quarter” is a core component of our successful CHEAT SHEET investing framework. Don’t waste another minute – click here to discover our CHEAT SHEET stock picks now!
(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)