General Growth Properties Fourth Quarter Earnings Sneak Peek

Wall St. Cheat Sheet

General Growth Properties will unveil its latest earnings on Wednesday, February 8, 2012. General Growth Properties is a real estate investment trust, which through its subsidiaries and affiliates operates, manages, develops and acquires retail and other rental properties, shopping centers, which are located throughout the United States.

General Growth Properties Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for net income of 28 cents per share, a rise of 12% from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved up from 27 cents. Between one and three months ago, the average estimate moved up. It has been unchanged at 28 cents during the last month. Analysts are projecting profit to rise by 1.1% versus last year to 92 cents.

Past Earnings Performance: The company beat estimates last quarter after falling short in the prior two. In the third quarter, the company reported profit of 23 cents per share versus a mean estimate of net income of 22 cents per share. In the second quarter, the company missed estimates by 3 cents.

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Wall St. Revenue Expectations: Analysts are projecting a decline of 6% in revenue from the year-earlier quarter to $682.8 million.

Analyst Ratings: Analysts seem relatively indifferent about General Growth Properties with seven of nine analysts surveyed maintaining a hold rating.

A Look Back: In the third quarter, the company swung to a profit of $252.1 million (-8 cents a share) from a loss of $231.2 million (73 cents) a year earlier, beating analyst estimates. Revenue rose 32.9% to $1.02 billion from $769.7 million.

Key Stats:

Revenue rose in the third quarter after seeing a drop the quarter before. In the second quarter, revenue fell 29.4%.

Stock Price Performance: During December 5, 2011 to February 2, 2012, the stock price had risen $1.90 (13.4%) from $14.15 to $16.05. It saw one of its worst periods between July 7, 2011 and July 14, 2011 when shares fell for six-straight days, falling 6.1% (-$1.04) over that span. The stock price saw one of its best stretches over the last year between April 18, 2011 and April 28, 2011 when shares rose for eight-straight days, rising 9.2% (+$1.38) over that span.

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

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To contact the reporter on this story: Derek Hoffman at staff.writers@wallstcheatsheet.com

To contact the editor responsible for this story: Damien Hoffman at editors@wallstcheatsheet.com

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