Kimco Realty Second Quarter Earnings Sneak Peek

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S&P 500 (NYSE:SPY) component Kimco Realty (NYSE:KIM) will unveil its latest earnings on Tuesday, July 31, 2012. Kimco Realty is a real estate investment trust (REIT) that owns and operates neighborhood and community shopping centers. The company is primarily engaged in acquisitions, development, and management of its properties. .

Kimco Realty Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for net income of 31 cents per share, a rise of 3.3% from the company’s actual earnings for the same quarter a year ago. The average estimate is the same as three months ago. Between one and three months ago, the average estimate moved down. It has risen from 30 cents during the last month. Analysts are projecting profit to rise by 3.3% versus last year to $1.24.

Past Earnings Performance: Last quarter, the company topped estimates by 0 cents, coming in at profit of 31 cents per share against a mean estimate of net income of 30 cents. The company fell in line with estimates in the fourth quarter of the last fiscal year.

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A Look Back: In the first quarter, profit rose 85.2% to $53.6 million (9 cents a share) from $29 million (3 cents a share) the year earlier, exceeding analyst expectations. Revenue fell 2.1% to $230.5 million from $235.4 million.

Stock Price Performance: Between April 30, 2012 and July 25, 2012, the stock price fell 63 cents (-3.2%), from $19.41 to $18.78. The stock price saw one of its best stretches over the last year between January 9, 2012 and January 25, 2012, when shares rose for 12 straight days, increasing 15.6% (+$2.53) over that span. It saw one of its worst periods between March 27, 2012 and April 10, 2012 when shares fell for 10 straight days, dropping 8.9% (-$1.73) over that span.

Analyst Ratings: With nine analysts rating the stock a buy, none rating it a sell and eight rating the stock a hold, there are indications of a bullish stance by analysts.

Key Stats:

After experiencing income increases the last three quarters, the company is hoping to keep the good news coming with this earnings announcement. Net income rose 81.3% in the third quarter of the last fiscal year and 25.1% in the fourth quarter of the last fiscal year before increasing again in the first quarter.

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 2.5% in the fourth quarter of the last fiscal year and dropped again in the first quarter.

Wall St. Revenue Expectations: On average, analysts predict $222.9 million in revenue this quarter, a rise of 1.7% from the year-ago quarter. Analysts are forecasting total revenue of $897.9 million for the year, a rise of 2.8% from last year’s revenue of $873.7 million.

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

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