Gramercy Capital Corp Third Quarter Earnings Sneak Peek
Gramercy Capital Corp. (NYSE:GKK) will unveil its latest earnings on Thursday, November 8, 2012. Gramercy Capital is an integrated commercial real estate finance and property investment company.
Gramercy Capital Corp. Earnings Preview Cheat Sheet
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 dropped to a loss of $19.7 million (42 cents a share) from a profit of $17.3 million (31 cents) in the year-earlier quarter. Revenue fell 69.7% to $49.1 million from $162 million.
Stock Price Performance: Between August 9, 2012 and November 2, 2012, the stock price rose 41 cents (17.4%), from $2.36 to $2.77. The stock price saw one of its best stretches over the last year between August 9, 2012 and August 16, 2012, when shares rose for six straight days, increasing 10.6% (+25 cents) over that span. It saw one of its worst periods between October 2, 2012 and October 10, 2012 when shares fell for seven straight days, dropping 8.5% (-26 cents) over that span.
On the top line, the company is hoping to use this earnings announcement to snap a string of four-straight quarters of revenue decreases. Revenue fell 15.6% in the third quarter of the last fiscal year, more than threefold in fourth quarter of the last fiscal year and 65.6% in the first quarter and then fell 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: