Colonial Properties Trust Fourth Quarter Earnings Sneak Peek
Colonial Properties Trust Inc (NYSE:CLP) will unveil its latest earnings on Thursday, January 24, 2013. Colonial Properties Trust is a REIT, which is engaged in the acquisition, development, ownership, management and leasing of commercial real estate property.
Colonial Properties Trust Inc Earnings Preview Cheat Sheet
Wall St. Earnings Expectations: The average analyst estimate is for profit of 32 cents per share, a rise of 14.3% 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 8.7% compared to last year’s $1.25.
Past Earnings Performance: The company has fallen in line with estimates the last two quarters. In the third quarter, it reported net income of 31 cents per share and two quarters ago booked profit of 32 cents.
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A Look Back: In the third quarter, the company swung to a loss of $6.5 million (8 cents a share) from a profit of $12.5 million (14 cents) a year earlier, meeting analyst expectations. Revenue rose 1% to $96.1 million from $95.1 million.