Last quarter Equity Residential (EQR) fell short of Wall Street estimates, and it is scheduled to report again on Wednesday.

Expectations

Analysts currently expect Equity Residential to come in with earnings of 68 cents per share on revenues of $537.9 million. Estimates from analysts range from earnings per share to earnings per share. The average estimate has shown no movement over the last three months.

Stock Movement

In terms of price changes, the stock's best recent streak was when it gained $2.92 per share between July 10, 2012 and July 17, 2012. Looking at change over the last three months, from April 23, 2012 and July 18, 2012, the stock price is up $3.56 (5.8%), from $61.39 to $64.95.

Company Fundamental Trends
On the heels of two-straight revenue increases, the company will look to maintain momentum with this earnings announcement. Even before climbing in the first quarter, revenue had increased 9.7% in the fourth quarter of the last fiscal year. Profit has increased by a year-over-year average of 1431% for the last four quarters, as the company has experienced a string of success recently.

Stock Ratings

Analysts think investors should stand pat on Equity Residential with 12 of 17 analysts rating it hold. Analyst sentiment has been improving recently, as the average rating risen slightly over the past three months.

Last Quarter's Results

In the first quarter, profit rose 14.1% to $145.3 million (47 cents a share) from $127.3 million (42 cents a share) the year earlier, but fell short analyst expectations. Revenue rose 0.4% to $517.6 million from $515.4 million.

Summary

 

Reporting Period: 2Q

Date of Release: Wednesday, July 25, 2012

EPS: 68 cents

Revenue Estimate: $537.9 million

 

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