We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Insights Into Kimco Realty (KIM) Q2: Wall Street Projections for Key Metrics
Read MoreHide Full Article
Wall Street analysts forecast that Kimco Realty (KIM - Free Report) will report quarterly earnings of $0.40 per share in its upcoming release, pointing to a year-over-year increase of 2.6%. It is anticipated that revenues will amount to $496.9 million, exhibiting an increase of 12.2% compared to the year-ago quarter.
Over the past 30 days, the consensus EPS estimate for the quarter has remained unchanged. This demonstrates the covering analysts' collective reassessment of their initial projections during this period.
Prior to a company's earnings announcement, it is crucial to consider revisions to earnings estimates. This serves as a significant indicator for predicting potential investor actions regarding the stock. Empirical research has consistently demonstrated a robust correlation between trends in earnings estimate revision and the short-term price performance of a stock.
While investors typically use consensus earnings and revenue estimates as a yardstick to evaluate the company's quarterly performance, scrutinizing analysts' projections for some of the company's key metrics can offer a more comprehensive perspective.
Given this perspective, it's time to examine the average forecasts of specific Kimco Realty metrics that are routinely monitored and predicted by Wall Street analysts.
The collective assessment of analysts points to an estimated 'Revenues- Management and other fee income' of $4.69 million. The estimate indicates a year-over-year change of +22.4%.
Analysts predict that the 'Revenues- Revenues from rental properties, net' will reach $489.97 million. The estimate indicates a change of +11.6% from the prior-year quarter.
According to the collective judgment of analysts, 'Pro-rata portfolio occupancy' should come in at 96.1%. Compared to the current estimate, the company reported 95.8% in the same quarter of the previous year.
Analysts expect 'Depreciation and amortization' to come in at $148.55 million. The estimate compares to the year-ago value of $129.25 million.
Shares of Kimco Realty have demonstrated returns of +13.5% over the past month compared to the Zacks S&P 500 composite's -0.4% change. With a Zacks Rank #3 (Hold), KIM is expected to mirror the overall market performance in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Insights Into Kimco Realty (KIM) Q2: Wall Street Projections for Key Metrics
Wall Street analysts forecast that Kimco Realty (KIM - Free Report) will report quarterly earnings of $0.40 per share in its upcoming release, pointing to a year-over-year increase of 2.6%. It is anticipated that revenues will amount to $496.9 million, exhibiting an increase of 12.2% compared to the year-ago quarter.
Over the past 30 days, the consensus EPS estimate for the quarter has remained unchanged. This demonstrates the covering analysts' collective reassessment of their initial projections during this period.
Prior to a company's earnings announcement, it is crucial to consider revisions to earnings estimates. This serves as a significant indicator for predicting potential investor actions regarding the stock. Empirical research has consistently demonstrated a robust correlation between trends in earnings estimate revision and the short-term price performance of a stock.
While investors typically use consensus earnings and revenue estimates as a yardstick to evaluate the company's quarterly performance, scrutinizing analysts' projections for some of the company's key metrics can offer a more comprehensive perspective.
Given this perspective, it's time to examine the average forecasts of specific Kimco Realty metrics that are routinely monitored and predicted by Wall Street analysts.
The collective assessment of analysts points to an estimated 'Revenues- Management and other fee income' of $4.69 million. The estimate indicates a year-over-year change of +22.4%.
Analysts predict that the 'Revenues- Revenues from rental properties, net' will reach $489.97 million. The estimate indicates a change of +11.6% from the prior-year quarter.
According to the collective judgment of analysts, 'Pro-rata portfolio occupancy' should come in at 96.1%. Compared to the current estimate, the company reported 95.8% in the same quarter of the previous year.
Analysts expect 'Depreciation and amortization' to come in at $148.55 million. The estimate compares to the year-ago value of $129.25 million.
View all Key Company Metrics for Kimco Realty here>>>
Shares of Kimco Realty have demonstrated returns of +13.5% over the past month compared to the Zacks S&P 500 composite's -0.4% change. With a Zacks Rank #3 (Hold), KIM is expected to mirror the overall market performance in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>