S&P 500 (NYSE:SPY) component ProLogis (NYSE:PLD) will unveil its latest earnings on Thursday, July 28, 2011. ProLogis is a publicly held real estate investment trust that owns and operates primarily industrial properties in North America, Europe and Asia.

ProLogis Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for profit of 32 cents per share, a rise of 6.7% 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 34 cents. Between one and three months ago, the average estimate moved down and dropped from 33 cents during the last month.

Past Earnings Performance: The company’s quarterly results have come in above estimates for the last three quarters. Last quarter, the company booked net income of 33 cents per share versus a mean estimate of profit of 32 cents per share.

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Wall St. Revenue Expectations: On average, analysts predict $221.1 million in revenue this quarter, a decline of 3.8% from the year ago quarter. Analysts are forecasting total revenue of $901.4 million for the year, a decline of 0.9% from last year’s revenue of $909.2 million.

Analyst Ratings: Analysts seem relatively indifferent about ProLogis with nine of 15 analysts surveyed maintaining a hold rating.

Competitors to Watch: AMB Property Corporation (NYSE:AMB), DCT Industrial Trust Inc. (NYSE:DCT), First Industrial Realty Trust, Inc. (NYSE:FR), DuPont Fabros Tech., Inc. (NYSE:DFT), Monmouth R.E. Inv. Corp. (NYSE:MNR), Digital Realty Trust, Inc. (NYSE:DLR), Mission West Properties, Inc. (NASDAQ:MSW), Stag Industrial Inc (STIR), and EastGroup Properties Inc. (NYSE:EGP).

Stock Price Performance: During June 13, 2011 to July 12, 2011, the stock price had risen $2.84 (8.7%) from $32.83 to $35.67. The stock price saw one of its best stretches over the last year between November 10, 2010, and November 16, 2010, when shares rose for five-straight days, rising 7.7% (+$2.09) over that span. It saw one of its worst periods between October 26, 2010, and November 8, 2010, when shares fell for 10-straight days, falling 9.9% (-$2.93) over that span. Shares are up $4.47 (+14.3%) year to date.

(Source: Xignite Financials)

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