Colonial Properties Trust Beats Estimates Yet Again

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Colonial Properties Trust (NYS: CLP) reported earnings on Jan. 26. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended Dec. 31 (Q4), Colonial Properties Trust beat expectations on revenues.

Compared to the prior-year quarter, revenue grew and earnings per share grew. The profit was a surprise, as analysts had predicted a loss.

Margins grew across the board.

Revenue details
Colonial Properties Trust booked revenue of $100.4 million. The two analysts polled by S&P Capital IQ foresaw sales of $94.9 million. Sales were 3.7% higher than the prior-year quarter's $93.4 million.

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Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions.

EPS details
EPS came in at $0.10. The two earnings estimates compiled by S&P Capital IQ predicted -$0.02 per share. GAAP EPS were $0.10 for Q4 against -$0.10 per share for the prior-year quarter.

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Source: S&P Capital IQ. Quarterly periods. Figures may be non-GAAP to maintain comparability with estimates.

Margin details
For the quarter, gross margin was 60%, 240 basis points better than the prior-year quarter. Operating margin was 19.3%, 70 basis points better than the prior-year quarter. Net margin was 7.9%, 1,700 basis points better than the prior-year quarter.

Looking ahead
Next quarter's average estimate for revenue is $94.0 million. On the bottom line, the average EPS estimate is -$0.06.

Next year's average estimate for revenue is $390.4 million. The average EPS estimate is -$0.24.

Investor sentiment
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 112 members out of 144 rating the stock outperform, and 32 members rating it underperform. Among 57 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 46 give Colonial Properties Trust a green thumbs-up, and 11 give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Colonial Properties Trust is hold, with an average price target of $21.22.

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At the time this article was published Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor ofMotley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

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