FelCor Lodging Trust Incorporated Third Quarter Earnings Sneak Peek

FelCor Lodging Trust Incorporated (NYSE:FCH) will unveil its latest earnings on Thursday, November 1, 2012. Felcor Lodging Trust is a real estate investment trust that is engaged in hospitality business.

FelCor Lodging Trust Incorporated Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for net income of 8 cents per share, a rise of 60% 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 9 cents. Between one and three months ago, the average estimate was unchanged. It has since dropped over the last month. For the year, analysts are projecting profit of 26 cents per share, a rise of 85.7% from last year.

Past Earnings Performance: The company has fallen in line with estimates the last two quarters. In the second quarter, it reported net income of 18 cents per share and two quarters ago booked a loss of 2 cents.

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A Look Back: In the second quarter, the company swung to a profit of $11.9 million (2 cents a share) from a loss of $42.3 million (42 cents) a year earlier, meeting analyst estimates. Revenue rose 10.5% to $258.2 million from $233.8 million.

Stock Price Performance: Between September 28, 2012 and October 26, 2012, the stock price dropped 34 cents (-7.2%), from $4.74 to $4.40. It saw one of its worst periods between September 18, 2012 and October 1, 2012 when shares fell for 10 straight days, dropping 11.1% (-59 cents) over that span.

Wall St. Revenue Expectations: Analysts are projecting a decline of 2.6% in revenue from the year-earlier quarter to $239.2 million.

Key Stats:

The company is riding some good income statement momentum into the upcoming earnings announcement. After taking losses in the third quarter of the last fiscal year, the fourth of the last fiscal year and the first quarter, the company finished in the black with income of $11.9 million in the second.

On the top line, the company is looking to build a positive trend after last quarter’s growth snapped a string of drops. Revenue fell 3.2% in the fourth quarter of the last fiscal year and 5.3% in the first quarter before climbing in the second quarter.

Analyst Ratings: There are mostly holds on the stock with six of eight analysts surveyed giving that rating.

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

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