Equity Lifestyle Properties, Inc. Second Quarter Earnings Sneak Peek

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Equity Lifestyle Properties, Inc. (NYSE:ELS) will unveil its latest earnings on Monday, July 18, 2011. Equity Lifestyle Properties, Inc. is a fully integrated owner and operator of lifestyle-oriented properties.

Equity Lifestyle Properties, Inc. Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for profit of 80 cents per share, a rise of 5.3% 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 86 cents. Between one and three months ago, the average estimate moved down and dropped from 81 cents during the last month. For the year, analysts are projecting net income of $3.81 per share, a rise of 9.8% from last year.

Past Earnings Performance: The company topped estimates last quarter after missing forecasts the quarter prior. In the first quarter, it reported profit of $1.14 per share against a mean estimate of net income of $1.12 per share. In the fourth quarter of the last fiscal year, it missed forecasts by 2 cents.

Savvy Investing Tip: Our CHEAT SHEET investing framework recommends only stocks with two straight quarters of earnings growth. Learn More >>

Wall St. Revenue Expectations: On average, analysts predict $106.4 million in revenue this quarter, a decline of 10.6% from the year ago quarter. Analysts are forecasting total revenue of $466.3 million for the year, a decline of 8.8% from last year’s revenue of $511.4 million.

Analyst Ratings: Analysts are bullish on this stock with four analysts rating it as a buy, none rating it as a sell and three rating it as a hold.

Key Stats:

Revenue rose in the first quarter after seeing a drop the quarter before. Revenue rose 0.9% to $134.2 million in the first quarter from the year earlier. In the fourth quarter of the last fiscal year, revenue fell 2%.

Competitors to Watch: Sun Communities, Inc. (NYSE:SUI), UMH Properties, Inc (AMEX:UMH), U-Store-It Trust (NYSE:YSI), Government Properties Income Trust (NYSE:GOV), Developers Diversified Realty Corp. (NYSE:DDR), Sovran Self Storage, Inc. (NYSE:SSS), Education Realty Trust, Inc. (NYSE:EDR), CapLease, Inc. (NYSE:LSE), and Weingarten Realty Investors (NYSE:WRI).

Stock Price Performance: During April 14, 2011 to July 12, 2011, the stock price had risen $10.11 (17.8%) from $56.82 to $66.93. The stock price saw one of its best stretches over the last year between February 14, 2011, and February 24, 2011, when shares rose for eight-straight days, rising 3.9% (+$2.18) over that span. Shares have been on a negative streak of late, closing down every day between July 8, 2011 and July 12, 2011. Shares are up $11.69 (+21.2%) year to date.

(Source: Xignite Financials)

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