Kimco Realty (KIM) Q3 Earnings: How Key Metrics Compare to Wall Street Estimates
Kimco Realty (KIM) reported $446.07 million in revenue for the quarter ended September 2023, representing a year-over-year increase of 2.9%. EPS of $0.40 for the same period compares to $0.08 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $439.12 million, representing a surprise of +1.58%. The company delivered an EPS surprise of +2.56%, with the consensus EPS estimate being $0.39.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Kimco Realty performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Pro-rata portfolio occupancy: 95.5% compared to the 95.7% average estimate based on two analysts.
Revenues- Revenues from rental properties, net: $441.82 million versus $437.66 million estimated by seven analysts on average. Compared to the year-ago quarter, this number represents a +3% change.
Revenues- Management and other fee income: $4.25 million versus the six-analyst average estimate of $3.99 million. The reported number represents a year-over-year change of -2.6%.
Net Earnings Per Share- Diluted: $0.18 versus the five-analyst average estimate of $0.16.
View all Key Company Metrics for Kimco Realty here>>>
Shares of Kimco Realty have returned -6.4% over the past month versus the Zacks S&P 500 composite's -3.4% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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Kimco Realty Corporation (KIM) : Free Stock Analysis Report
