Gramercy Capital Corp. Second Quarter Earnings Sneak Peek

Gramercy Capital Corp. (NYSE:GKK) will unveil its latest earnings on Thursday, August 9, 2012. Gramercy Capital is an integrated commercial real estate finance and property investment company.

Gramercy Capital Corp. Earnings Preview Cheat Sheet

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A Look Back: In the first quarter, the company dropped to a loss of $359,000 (4 cents a share) from a profit of $6.7 million (10 cents) in the year-earlier quarter. Revenue fell 65.6% to $51 million from $148 million.

Stock Price Performance: Between May 9, 2012 and August 3, 2012, the stock price fell 25 cents (-9.6%), from $2.60 to $2.35. The stock price saw one of its best stretches over the last year between February 17, 2012 and February 27, 2012, when shares rose for six straight days, increasing 16% (+40 cents) over that span. It saw one of its worst periods between June 18, 2012 and June 25, 2012 when shares fell for six straight days, dropping 6.8% (-18 cents) over that span.

Key Stats:

On the top line, the company is hoping to use this earnings announcement to snap a string of three-straight quarters of revenue declines. Revenue fell 15.6% in the third quarter of the last fiscal year and more than threefold in fourth quarter of the last fiscal year before falling again in the first quarter.

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

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