Colonial Properties Trust Inc Second Quarter Earnings Sneak Peek

Colonial Properties Trust Inc (NYSE:CLP) will unveil its latest earnings on Thursday, July 26, 2012. 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 estimate of analysts is for net income of 32 cents per share, no change from the company’s actual earnings for the same quarter a year ago. 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 9.6% compared to last year’s $1.26.

Past Earnings Performance: The company is looking to top analyst estimates this quarter after trailing for the two previous quarters. Last quarter, it missed estimates by reporting profit of 30 cents per share against an estimate of net income of 31 cents per share. The quarter before that, it missed expectations by one cent.

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A Look Back: In the first quarter, the company’s loss narrowed to a loss of $6 million (7 cents a share) from a loss of $11.6 million (15 cents) a year earlier, but missed analyst expectations. Revenue rose 8.5% to $100.4 million from $92.6 million.

Stock Price Performance: Between May 23, 2012 and July 20, 2012, the stock price had risen $1.38 (6.5%), from $21.10 to $22.48. It saw one of its worst periods between May 10, 2012 and May 18, 2012 when shares fell for seven straight days, dropping 7.1% (-$1.58) over that span. The stock price saw one of its best stretches over the last year between June 25, 2012 and July 3, 2012, when shares rose for seven straight days, increasing 5.4% (+$1.14) over that span.

Wall St. Revenue Expectations: On average, analysts predict $100.8 million in revenue this quarter, a rise of 5.2% from the year-ago quarter. Analysts are forecasting total revenue of $404.8 million for the year, a rise of 6.2% from last year’s revenue of $381.3 million.

Key Stats:

On the top line, the company is looking to build on four-straight revenue increases heading into this earnings announcement. Revenue rose 6.5% in the second quarter of the last fiscal year, 7.1% in the third quarter of the last fiscal year and 22.4% in the fourth quarter of the last fiscal year before increasing again in the first quarter.

Analyst Ratings: With three analysts rating the stock as a buy, one rating it as a sell and two rating it as a hold, there are indications of a bullish outlook.

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

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