Kimco Realty Beats on Revenue, Matches Expectations on EPS

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Kimco Realty (NYS: KIM) reported earnings on Feb. 8. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended Dec. 31 (Q4), Kimco Realty beat slightly on revenues and met expectations on earnings per share.

Compared to the prior-year quarter, revenue expanded and GAAP earnings per share grew significantly.

Gross margins shrank, operating margins expanded, and net margins improved.

Revenue details
Kimco Realty reported revenue of $223.0 million. The 11 analysts polled by S&P Capital IQ expected revenue of $220.3 million on the same basis. 

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Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.

EPS details
Non-GAAP EPS came in at $0.07. The four earnings estimates compiled by S&P Capital IQ predicted $0.07 per share on the same basis. GAAP EPS of $0.08 for Q4 were 33% higher than the prior-year quarter's $0.06 per share.

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Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.

Margin details
For the quarter, gross margin was 71.4%, 10 basis points worse than the prior-year quarter. Operating margin was 32.4%, 10 basis points better than the prior-year quarter. Net margin was 19.9%, 350 basis points better than the prior-year quarter.

Looking ahead
Next quarter's average estimate for revenue is $224.4 million. On the bottom line, the average EPS estimate is $0.06.

Next year's average estimate for revenue is $898.6 million. The average EPS estimate is $0.23.

Investor sentiment
The stock has a one-star rating (out of five) at Motley Fool CAPS, with 198 members out of 347 rating the stock outperform, and 149 members rating it underperform. Among 108 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 72 give Kimco Realty a green thumbs-up, and 36 give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Kimco Realty is outperform, with an average price target of $18.09.

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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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