Boston Properties Inc.
) is set to report its fourth-quarter 2013 results on Jan 28,
after the closing bell. In the prior quarter, it delivered a
positive earnings surprise of 0.78%. Also, the company has posted
an average positive earnings surprise of 0.79% over the past four
Let's see how things are shaping up for this announcement.
Why a Likely Positive Surprise?
Our proven model conclusively shows that Boston Properties
will beat earnings because it has the right combination of two
Positive Zacks ESP:
, which represents the difference between the Most Accurate
estimate and the Zacks Consensus Estimate, stands at +0.81%. This
is very meaningful and a leading indicator of a likely positive
earnings surprise for shares.
Boston Properties carries a Zacks Rank #3 (Hold). Note that
stocks with Zacks Ranks #1, 2 or 3 have a significantly higher
chance of beating earnings.
This combination of Boston Properties' Zacks Rank #3 and
+0.81% Earnings ESP makes us confident about a positive earnings
We caution against stocks with Zacks Ranks #4 and 5
(Sell-rated stocks) going into the earnings announcement,
especially when the company is seeing negative estimate revisions
What is Driving the Better Than Expected Earnings?
Improved core operating fundamentals, ongoing successful
portfolio repositioning activities and a strong balance sheet
position with adequate liquidity are expected to lead to a
positive earnings surprise in fourth-quarter 2013.
As a matter of fact, in the fourth quarter, Boston Properties
rewarded its shareholders with the amount received from the
disposition of 45% stake in the Time Square Tower property in
October. In particular, the company has declared a special cash
dividend of $2.25 per share, which will be paid on Jan 29, 2014
to stockholders of record as of Dec 31, 2013. This offered the
company's shareholders' a reason to rejoice and helped raise
Other Stocks to Consider
Boston Properties is not the only firm looking up this
earnings season. Other stocks in the REIT sector that have both a
positive Earnings ESP and a favorable Zacks Rank are:
General Growth Properties, Inc
), with an Earnings ESP of +2.86% and a Zacks Rank #3. The
company is slated to report its fourth-quarter 2013 results on
), with an Earnings ESP of +1.59% and a Zacks Rank #3. The
company will report its fourth-quarter 2013 results on Feb 4.
Highwoods Properties Inc.
), with an Earnings ESP of +1.37% and a Zacks Rank #3 (Hold). The
company is scheduled to report its fourth-quarter 2013 results on
BOSTON PPTYS (BXP): Free Stock Analysis
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