Simon Property Group (NYSE:SPG) has beaten estimates for five straight quarters and will go for a sixth when it reports again on Tuesday, July 24, 2012.
Analysts currently expect Simon Property Group to come in with earnings of $1.80 per share on revenues of $1.15 billion. Estimates range from $1.76 per share to $1.85 per share. Over the past three months, the average estimate has moved up from $1.78.
In terms of price changes, the stock's best recent streak was when it gained $5.79 per share between June 4, 2012 and June 6, 2012.
Company Fundamental Trends
Analysts are bullish on the stock as 12 analysts rate it as a buy and only one analyst rate it as a sell. Analyst sentiment has been waning recently, as the average rating has dropped slightly over the past three months.
Last Quarter's Results
In the first quarter, profit rose more than threefold to $646.2 million ($2.18 a share) from $180.2 million (61 cents a share) the year earlier, exceeding analyst expectations. Revenue rose 58.5% to $1.64 billion from $1.04 billion.
Reporting Period: 2Q
Date of Release: Tuesday, July 24, 2012 before market open
Revenue Estimate: $1.15 billion
(Company fundamentals by Xignite Financials. Earnings estimates provided by Zacks)