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