Acadia Realty Trust Beats Up on Analysts Yet Again

Seth Jayson, The Motley Fool
Updated

Acadia Realty Trust (NYS: AKR) reported earnings on Feb. 7. Here are the numbers you need to know.

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

Compared to the prior-year quarter, revenue improved and GAAP earnings per share increased.

Gross margins contracted, operating margins dropped, and net margins grew.

Revenue details
Acadia Realty Trust tallied revenue of $35.8 million. The four analysts polled by S&P Capital IQ looked for a top line of $22.5 million. Sales were 22% lower than the prior-year quarter's $34.6 million.

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

EPS details
EPS came in at $0.19. The four earnings estimates compiled by S&P Capital IQ predicted $0.12 per share. GAAP EPS of $0.19 for Q4 were 12% higher than the prior-year quarter's $0.17 per share.

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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 67.4%, 400 basis points worse than the prior-year quarter. Operating margin was 29.3%, 870 basis points worse than the prior-year quarter. Net margin was 20.6%, 630 basis points better than the prior-year quarter.

Looking ahead
Next quarter's average estimate for revenue is $23.5 million. On the bottom line, the average EPS estimate is $0.13.

Next year's average estimate for revenue is $99.2 million. The average EPS estimate is $0.53.

Investor sentiment
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Acadia Realty Trust is outperform, with an average price target of $21.56.

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At the time thisarticle 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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