Weingarten Realty Investors Second Quarter Earnings Sneak Peek

Weingarten Realty Investors (NYSE:WRI) will unveil its latest earnings on Tuesday, August 7, 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 estimate of analysts is for profit of 45 cents per share, a rise of 50% from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved down from 46 cents. Between one and three months ago, the average estimate moved down. It has been unchanged at 45 cents during the last month. Analysts are projecting profit to rise by 0.6% compared to last year’s $1.80.

Past Earnings Performance: The company missed estimates last quarter after beating forecasts in the prior two. In the first quarter, the company reported net income of 46 cents per share versus a mean estimate of profit of 47 cents per share. In the fourth quarter of the last fiscal year, the company beat estimates by 2 cents.

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A Look Back: In the first quarter, profit rose 31.7% to $21.2 million (10 cents a share) from $16.1 million (6 cents a share) the year earlier, but fell short analyst expectations. Revenue fell 5.3% to $132.1 million from $139.5 million.

Wall St. Revenue Expectations: Analysts are projecting a decline of 10.3% in revenue from the year-earlier quarter to $126.7 million.

Stock Price Performance: Between June 5, 2012 and August 1, 2012, the stock price had risen $2.42 (9.8%), from $24.73 to $27.15. 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% (+$2.75) over that span. It saw one of its worst periods between July 17, 2012 and July 25, 2012 when shares fell for seven straight days, dropping 5% (-$1.37) over that span.

Key Stats:

On the top line, the company is hoping to use this earnings announcement to snap a string of three-straight quarters of revenue declines. Revenue fell 5% in the third quarter of the last fiscal year and 1.2% in fourth quarter of the last fiscal year before falling again in the first quarter.

Analyst Ratings: With five analysts rating the stock as a buy, one rating it as a sell and six rating it as a hold, there are indications of a bullish outlook.

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

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