Gear Up for Kimco Realty (KIM) Q1 Earnings: Wall Street Estimates for Key Metrics

Analysts on Wall Street project that Kimco Realty (KIM) will announce quarterly earnings of $0.38 per share in its forthcoming report, representing a decline of 2.6% year over year. Revenues are projected to reach $468.82 million, increasing 5.9% from the same quarter last year.

Over the last 30 days, there has been an upward revision of 0.3% in the consensus EPS estimate for the quarter, leading to its current level. This signifies the covering analysts' collective reconsideration of their initial forecasts over the course of this timeframe.

Before a company reveals its earnings, it is vital to take into account any changes in earnings projections. These revisions play a pivotal role in predicting the possible reactions of investors toward the stock. Multiple empirical studies have consistently shown a strong association between trends in earnings estimates and the short-term price movements of a stock.

While investors typically use consensus earnings and revenue estimates as a yardstick to evaluate the company's quarterly performance, scrutinizing analysts' projections for some of the company's key metrics can offer a more comprehensive perspective.

Given this perspective, it's time to examine the average forecasts of specific Kimco Realty metrics that are routinely monitored and predicted by Wall Street analysts.

The collective assessment of analysts points to an estimated 'Revenues- Management and other fee income' of $4.48 million. The estimate points to a change of -1.7% from the year-ago quarter.

Based on the collective assessment of analysts, 'Revenues- Revenues from rental properties, net' should arrive at $464.69 million. The estimate indicates a change of +6% from the prior-year quarter.

The consensus estimate for 'Depreciation and amortization' stands at $131.55 million. Compared to the present estimate, the company reported $126.30 million in the same quarter last year.

View all Key Company Metrics for Kimco Realty here>>>

Shares of Kimco Realty have demonstrated returns of -1.5% over the past month compared to the Zacks S&P 500 composite's -2.5% change. With a Zacks Rank #4 (Sell), KIM is expected to lag the overall market performance in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


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