General Growth Properties Inc Third Quarter Earnings Sneak Peek

General Growth Properties Inc (NYSE:GGP) will unveil its latest earnings on Wednesday, October 31, 2012. General Growth Properties is a real estate investment trust, which through its subsidiaries and affiliates operates, manages, develops and acquires retail and other rental properties, shopping centers, which are located throughout the United States.

General Growth Properties Inc Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for profit of 23 cents per share, no change from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved up from 22 cents. Between one and three months ago, the average estimate moved up. It has been unchanged at 23 cents during the last month. Analysts are projecting profit to rise by 2.1% compared to last year’s 97 cents.

Past Earnings Performance: The company has beaten estimates the last four quarters and is coming off a quarter where it topped forecasts by 2 cents, reporting net income of 23 cents per share against a mean estimate of profit of 21 cents per share.

Earnings season is back and more important than ever. Get our newest CHEAT SHEET stock picks now

A Look Back: In the second quarter, the company’s loss narrowed to a loss of $107.9 million (12 cents a share) from a loss of $203 million (22 cents) a year earlier, beating analyst expectations. Revenue fell 12.7% to $496.1 million from $568.5 million.

Wall St. Revenue Expectations: On average, analysts predict $620.8 million in revenue this quarter, a decline of 9.3% from the year-ago quarter. Analysts are forecasting total revenue of $2.49 billion for the year, a decline of 9.1% from last year’s revenue of $2.74 billion.

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

Key Stats:

On the top line, the company is hoping to use this earnings announcement to snap a string of two-straight quarters of revenue declines. Revenue fell 38.8% in the first quarter and dropped again in the second quarter.

Stocks with improving earnings metrics are worthy of your extra attention. In fact, “E = Earnings Are Increasing Quarter-Over-Quarter” is a core component of our CHEAT SHEET investing framework for this very reason. Don’t waste another minute — click here and get our CHEAT SHEET stock picks now.

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

Don’t Miss These Additional Hot Stories:

Apple Earnings: Profits and Revenue Surge By Double Digits Again

Will Central Banks Hit an American Express Gold Limit?

Is Zynga’s Stock Still a Sell After Earnings?