Weingarten Realty Investors First Quarter Earnings Sneak Peek

Weingarten Realty Investors (NYSE:WRI) will unveil its latest earnings on Tuesday, May 8, 2012. Weingarten Realty Investors is a real estate investment trust whose business includes leasing space to tenants in the shopping and industrial centers and also managing centers for joint ventures.

Weingarten Realty Investors Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average analyst estimate is for profit of 46 cents per share, a rise of 12.2% from the company’s actual earnings for the year-ago quarter. The average estimate is the same as three months ago. Between one and three months ago, the average estimate was unchanged. It also has not changed during the last month. Analysts are projecting profit to rise by 1.7% compared to last year’s $1.84.

Past Earnings Performance: Last quarter, the company beat estimates by 2 cents, coming in at net income of 48 cents per share against an estimate of profit of. The company also topped expectations in the third quarter of the last fiscal year.

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Wall St. Revenue Expectations: On average, analysts predict $135.9 million in revenue this quarter, a rise of 0.6% from the year-ago quarter. Analysts are forecasting total revenue of $533.4 million for the year, a decline of 1.5% from last year’s revenue of $541.6 million.

Analyst Ratings: Analysts are bullish on Weingarten Realty Investors, as five analysts rate it as a buy, one rates it as a sell and six rate it as a hold.

Stock Price Performance: Between March 6, 2012 and May 2, 2012, the stock price had risen $2.29 (9.3%), from $24.67 to $26.96. The stock price saw one of its best stretches over the last year between January 12, 2012 and January 26, 2012, when shares rose for 10 straight days, increasing 12.4% (+$2.72) over that span. It saw one of its worst periods between March 30, 2012 and April 10, 2012 when shares fell for seven straight days, dropping 5.7% (-$1.50) over that span.

(Company fundamentals by Xignite Financials. Earnings estimates provided by Zacks)

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