Associated Estates Realty 2Q Earnings Pregame Scorecard

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Last quarter Associated Estates Realty (NYSE:AEC) missed analysts' estimates, but it gets a a chance to make up for it when it announces earnings on Tuesday, July 24, 2012.

Expectations

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Analysts currently expect Associated Estates Realty to come in with earnings of 33 cents per share on revenues of $43.1 million. Estimates from analysts range from 32 cents per share to 34 cents per share. Over the past three months, the average estimate has moved up from 32 cents.

Stock Movement

The stock fell $1.59 per share between May 10, 2012 and May 18, 2012. Looking at change over the last three months, April 23, 2012 and July 18, 2012, the stock price fell $1.74 (-10.5%), from $16.54 to $14.80.

Company Fundamental Trends

Stock Ratings

Analysts are bullish on the stock as seven analysts rate it as a buy and there are no sell ratings. 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, the company's loss narrowed to a loss of $2.1 million (5 cents a share) from a loss of $3.1 million (7 cents) a year earlier, but missed analyst expectations. Revenue fell 1% to $42.9 million from $43.4 million.

Summary

Reporting Period: 2Q

Date of Release: Tuesday, July 24, 2012

EPS: 33 cents

Revenue Estimate: $43.1 million

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