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.

Analyst Trends:

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.

Earnings Trends:

Here’s how Washington Real Estate Investment Trust has been performing on an annual basis:

Fiscal Year 2008 2009 2010 2011 2012
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

Past Performance:
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.

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