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Boston Properties Second Quarter Earnings Preview
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BXP
On Monday, August 6, 2012, Boston Properties (NYSE:BXP) is expected to release its second quarter earnings.
In most situations, when earnings do not meet analyst estimates, a business' stock price will tend to drop. On the other hand, when actual earnings beat estimates by a significant amount, the share price will likely surge. SEE: Can Earnings Guidance Accurately Predict The Future?
What to Expect: Boston Properties is expected to report $1.24 per share, up 0.8% from a year ago when the company reported earnings of $1.23 per share.
Despite rising from $1.22 over the past three months, the consensus estimate hasn't changed in the last 30 days. For the fiscal year, analysts are projecting earnings of $4.85 per share.
Boston Properties' expected revenue of $432.1 million for the quarter is below last year's reported figure of $445.3 million by 3%. The anticipated revenue for the fiscal year is $1.75 billion.
Company Performance: Revenue for Boston Properties has been on the rise for four consecutive quarters. It rose 8.1% in the first quarter, 66.9% in the fourth quarter of the last fiscal year, 15.8% in the third quarter of the last fiscal year and 10.1% in the second quarter of the last fiscal year.
Compared to the industry average of 14.06, BXP's P/E ratio of 55.5 is quite high. A company with a high P/E ratio will eventually have to live up to the high rating by substantially increasing its earnings, or the price will need to drop. The P/E ratio has been used for ages by analysts and still remains one of the most relevant pieces of stock valuation. High P/E stocks could be "growth" stocks, while low PE stocks may be "value" stocks. SEE: Profit With The Power Of Price-To-Earnings
Over the past quarter, the stock price has risen to $110.90 from $107.90 on May 3, 2012. Boston Properties' best recent streak was when its price gained $3.65 per share between June 11, 2012 and June 20, 2012.
In most situations, when earnings do not meet analyst estimates, a business' stock price will tend to drop. On the other hand, when actual earnings beat estimates by a significant amount, the share price will likely surge. SEE: Can Earnings Guidance Accurately Predict The Future?
What to Expect: Boston Properties is expected to report $1.24 per share, up 0.8% from a year ago when the company reported earnings of $1.23 per share.
Despite rising from $1.22 over the past three months, the consensus estimate hasn't changed in the last 30 days. For the fiscal year, analysts are projecting earnings of $4.85 per share.
Boston Properties' expected revenue of $432.1 million for the quarter is below last year's reported figure of $445.3 million by 3%. The anticipated revenue for the fiscal year is $1.75 billion.
Company Performance: Revenue for Boston Properties has been on the rise for four consecutive quarters. It rose 8.1% in the first quarter, 66.9% in the fourth quarter of the last fiscal year, 15.8% in the third quarter of the last fiscal year and 10.1% in the second quarter of the last fiscal year.
Compared to the industry average of 14.06, BXP's P/E ratio of 55.5 is quite high. A company with a high P/E ratio will eventually have to live up to the high rating by substantially increasing its earnings, or the price will need to drop. The P/E ratio has been used for ages by analysts and still remains one of the most relevant pieces of stock valuation. High P/E stocks could be "growth" stocks, while low PE stocks may be "value" stocks. SEE: Profit With The Power Of Price-To-Earnings
Over the past quarter, the stock price has risen to $110.90 from $107.90 on May 3, 2012. Boston Properties' best recent streak was when its price gained $3.65 per share between June 11, 2012 and June 20, 2012.
by
Investopedia Staff
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