SL Green Realty Earnings Preview

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Investors are on the edges of their seats, hoping that SL Green Realty (NYS: SLG) will top analyst expectations for the fifth consecutive quarter. The company will unveil its latest earnings on Monday, Jan. 30. SL Green Realty is a self-managed real estate investment trust with in-house capabilities in property management, acquisitions, financing, development, construction and leasing.

What analysts say:

  • Buy, sell, or hold?: Analysts are bullish on this stock. Only one rate it as a sell, while 12 recommend it as a buy. Analysts like SL Green Realty better than competitor Piedmont Office Realty overall. Analysts still rate the stock a moderate buy, but they are a bit more wary about it compared to three months ago.
  • Revenue Forecasts: On average, analysts predict $288.2 million in revenue this quarter. That would represent a rise of 23.1% from the year-ago quarter.
  • Wall Street Earnings Expectations: The average analyst estimate is earnings of $1 per share. Estimates range from $0.98 to $1.04.

What our community says:
Most CAPS All-Stars (60%) are granting SLG an "outperform" rating. Fools are divided on the stock, as 51% of the community is assigning it an "outperform" rating and 49% an "underperform" rating. Fools are gung-ho about SL Green Realty, though the message boards have been quiet lately with only 68 posts in the past 30 days. SL Green Realty's bearish CAPS rating of one out of five stars falls short of the Fool community sentiment.

Management:
SL Green Realty's income has fallen year-over-year by an average of 2315.6% over the past five quarters. Revenue has fallen in the past two 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

Q3

Q2

Q1

Q4

Net Margin

4.7%

175.8%

25.8%

5.3%

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

At the time this article was published 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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