Associated Estates Realty Corp First Quarter Earnings Sneak Peek

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Associated Estates Realty Corporation (NASDAQ:AEC) will unveil its latest earnings on Tuesday, April 24, 2012. Associated Estates Realty is a fully integrated multifamily real estate company engaged in property acquisition, advisory, development, construction, management, disposition, operation, and ownership activities.

Associated Estates Realty Corporation Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for net income of 26 cents per share, a rise of 13% 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 29 cents. Between one and three months ago, the average estimate moved down. It also has dropped from 27 cents during the last month. Analysts are projecting profit to rise by 20.4% compared to last year’s $1.24.

Past Earnings Performance: Last quarter, the company missed estimates by one cent, coming in at profit of 26 cents per share against an estimate of net income of. In the third quarter of the last fiscal year, the company also missed expectations.

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Wall St. Revenue Expectations: Analysts are projecting a rise of 9.1% in revenue from the year-earlier quarter to $42.2 million.

Analyst Ratings: Analysts are high on the stock, with eight analysts rating it as a buy, none rating it as a sell and one rating it as a hold.

A Look Back: In the fourth quarter of the last fiscal year, the company’s loss widened to a loss of a $2.2 million (5 cents a share) from a loss of $1.4 million (0 cents) a year earlier, missing analyst expectations. Revenue fell 6.9% to $42.7 million from $45.8 million.

Key Stats:

On the top line, the company is looking to get back on the right track after last quarter’s drop snapped a string of revenue increases. Revenue rose 31.6% in the first quarter of the last fiscal year, 30.6% in the second quarter of the last fiscal year and 15.6%in the third quarter of the last fiscal year before dropping in the fourth quarter of the last fiscal year.

Stock Price Performance: Between February 21, 2012 and April 18, 2012, the stock price had risen $1.40 (9.3%), from $15.09 to $16.49. It saw one of its worst periods between February 3, 2012 and February 15, 2012 when shares fell for nine straight days, dropping 8.6% (-$1.42) over that span. The stock price saw one of its best stretches over the last year between July 13, 2011 and July 22, 2011, when shares rose for eight straight days, increasing 8.6% (+$1.40) over that span.

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

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