Kite Realty Group Earnings Preview

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Kite Realty Group (NYS: KRG) is looking to meet the Street's expectations for the fourth consecutive quarter. The company will unveil its latest earnings on Thursday, August 4. Kite Realty Group, through Kite Realty Group, LP, engages in the ownership, operation, management, leasing, acquisition, construction, expansion, and development of neighborhood and community shopping centers and real estate properties.

What analysts say:

  • Buy, sell, or hold?: Analysts think investors should stand pat on Kite Realty Group with five of nine analysts rating it hold. Analysts don't like Kite Realty Group as much as competitor Urstadt Biddle Properties overall. Two out of four analysts rate Urstadt Biddle Properties a buy compared to three of nine for Kite Realty Group. Analysts still rate the stock a hold, but they are a bit more wary about it compared to three months ago.
  • Revenue Forecasts: On average, analysts predict $24.6 million in revenue this quarter. That would represent a decline of 0.8% from the year-ago quarter.
  • Wall Street Earnings Expectations: The average analyst estimate is earnings of $0.11 per share. Estimates range from $0.10 to $0.11.

What our community says:
CAPS All Stars are solidly backing the stock, with 80.6% assigning it an "outperform" rating. The community at large backs the All Stars, with 77.1% awarding it a rating of "outperform." Fools have embraced Kite Realty Group, though the message boards have been quiet lately with only 19 posts in the past 30 days. Kite Realty Group's bearish CAPS rating of two out of five stars falls short of the Fool community sentiment.

Management:
Revenue has fallen for the past three quarters.

Now let's look at how efficient management is at running the business. Traditionally, margins represent the efficiency with which companies capture portions of sales dollars. The following table shows net margins over the past four quarters:

Quarter

Q1

Q4

Q3

Q2

Net Margin

(2.9%)

(3.1%)

(9.5%)

(16.3%)

One final thing: If you want to keep tabs on Kite Realty Group movements, and for more analysis on the company, make sure you add it to your Watchlist.

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At the time this article was published

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