Investors Real Estate Trust Earnings Preview: Get Ahead of the Analysts

Investors Real Estate Trust (NASDAQ:IRET) will report earnings after markets close on Monday, July 1st. Investors Real Estate Trust is a Real Estate Investment Trust (REIT), which is structured as an umbrella real estate investment trust (UPREIT). The company owns and operates residential, commercial, retail, and office properties. Investors Real Estate Trust also has investments in mortgages and contracts for deeds secured by real estate.

Here is your Cheat Sheet to Investors Real Estate Trust Earnings:

Earnings Expectations: Analysts expect earnings of $0.17 per share on revenues of $65.93 million. Currently, the company’s P/E ratio stands at 61.98.

Analyst Trends:

Analysts have a neutral outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings is a profit of $0.17 and has not changed. For the current year, the average estimate is a profit of $0.67, which is worse than the estimate ninety days ago.

Earnings Trends:

Here’s how Investors Real Estate Trust has been performing on an annual basis:

Fiscal Year 2009 2010 2011 2012
Revenue ($) in millions 240 243 237 242
Diluted EPS ($) 0.11 0.03 0.22 0.07

Next, our CHEAT SHEET investing framework asks us to drill down to the recent quarterly data:

Quarter Apr. 30, 2012 Jul. 31, 2012 Oct. 31, 2012 Jan. 31, 2013
Revenue ($) in millions 60.62 62.41 64.94 66.23
Diluted EPS ($) 0.03 0.01 0.06 0.03

Past Performance:
Investors Real Estate Trust has beat analyst estimates 2 times in the past four quarters. This is not consistent enough to get bullish yet.

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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)