Kimco Realty Corporation (NYSE:KIM) is projected to declare fiscal fourth quarter financial results right after the stock market’s official close on February 02, 2017. The stock lost about -2.1 percent in price since last results when it was at $26.43 a share. Based on the most relevant past-periods data, there is an 68.18 percent probability for this firm’s share price to go up following next quarterly results. Earnings reaction history tells us that the equity price moved up 15 times out of last 22 reported quarters. It has beaten earnings-per-share estimates 41% of the time in its last 12 earnings reports. It fell short of earnings estimates on 1 occasions, and it has met expectations 6 times.
Here’s how traders responded to KIM earnings announcements over the past few quarters.
Kimco Realty Corporation (KIM) Earnings Surprises & Reaction
Given its history, the average earnings announcement surprise was 32.31 percent over the past four quarters. Back on October 27, 2016, it posted earnings per-share earnings at $0.38 which beat the consensus $0.17 projection (positive surprise of123.53%. For the quarter, revenue came in at 279.29M versus consensus estimate of 289.16M. The stock dropped -0.45 percent the session following the earnings reports were released, and on 7th day price change was -5.41 percent.
On July 27, 2016, it reported earnings at $0.38 a share compared with the consensus estimate of $0.38 per share (negative surprise of 0%). Revenue of 287.11M for that quarter was below the $293.98M analysts had expected. The stock climbed 2.28% the day following the earnings announcement, and on 7th day price change was 1.06%.
On April 27, 2016, it recorded $0.37 a share in earnings which missed the consensus estimate of $0.37 (negative surprise of 0%). Revenue for the quarter was $293.09M while analysts called for revenues to be $292.56M. The stock dropped -1.05% the day following the earnings data was made public, and on 7th day price change was 0.95%.
On February 2, 2016, it announced earnings per share at $0.37 versus the consensus estimate of $0.35 per share (positive surprise of 5.71%). That came on revenues of $296.5M for that period. Analysts had expected $286.55M in revenue.
Kimco Realty Corporation Earnings Estimates
As Q4 earnings announcement date approaches, Wall Street is expecting earnings per share of $0.38. The analysts’ present consensus range is $0.37-$0.44 for EPS. The market consensus range for revenue is between $280.69M and $297.5M, with an average of $286.57M.
Kimco Realty Corporation (NYSE:KIM) last ended at $26.21, sending the company’s market cap near $11.14B. The consensus 12-month price target from analysts covering the stock is $29.36. The share price has declined -17.98% from its top level in 52 weeks and dropped 1.65% this year. It recently traded in a range of $25.85-$26.24 at a volume of 4005517 shares. The recent trading ended with the price nearly 2.62 higher for the last 5 trading days, rebounding 8.71% from its 52-week low.