Colonial Properties Trust Fourth Quarter Earnings Sneak Peek

  Google+ | + More Articles
  • Like on Facebook
  • Share on Google+
  • Share on LinkedIn

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.

Start 2013 better than ever by saving time and making money with your Limited Time Offer for our highly-acclaimed Stock Picker Newsletter. Click here for our fresh Feature Stock Pick now!

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.

More Articles About:

To contact the reporter on this story: staff.writers@wallstcheatsheet.com To contact the editor responsible for this story: editors@wallstcheatsheet.com

Yahoo Finance, Harvard Business Review, Market Watch, The Wall St. Journal, Financial Times, CNN Money, Fox Business