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S&P 500 (NYSE:SPY) component HCP (NYSE:HCP) will unveil its latest earnings on Tuesday, July 31, 2012. HCP is a real estate investment trust that acquires, develops, leases, manages healthcare real estate and offers financing to healthcare providers.
HCP Earnings Preview Cheat Sheet
Wall St. Earnings Expectations: The average estimate of analysts is for profit of 68 cents per share, a decline of 11.7% 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 69 cents. Between one and three months ago, the average estimate moved down. It has been unchanged at 68 cents during the last month. Analysts are projecting profit to rise by 2.2% versus last year to $2.75.
Past Earnings Performance: Last quarter, the company saw net income of 67 cents per share versus a mean estimate of profit of 67 cents per share. This comes after two consecutive quarters of exceeding expectations.
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A Look Back: In the first quarter, profit rose more than twofold to $193.4 million (43 cents a share) from $70.1 million (17 cents a share) the year earlier, meeting analyst expectations. Revenue rose 34.3% to $459.4 million from $342 million.
Stock Price Performance: Between May 29, 2012 and July 25, 2012, the stock price had risen $4.63 (11.2%), from $41.44 to $46.07. It saw one of its worst periods between July 29, 2011 and August 8, 2011 when shares fell for seven straight days, dropping 21.7% (-$7.96) over that span. The stock price saw one of its best stretches over the last year between June 21, 2012 and July 3, 2012, when shares rose for nine straight days, increasing 5.2% (+$2.22) over that span.
Wall St. Revenue Expectations: Analysts predict a rise of 7.9% in revenue from the year-earlier quarter to $461.5 million.
The company enters this earnings announcement with substantial revenue momentum. The company has averaged year-over-year revenue growth of 41.3% over the last four quarters.
Analyst Ratings: There are mostly holds on the stock with eight of 15 analysts surveyed giving that rating.
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(Company fundamentals by Xignite Financials. Earnings estimates provided by Zacks)
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