Inland Real Estate Meets on the Top Line, Misses Where It Counts

Inland Real Estate (NYSE: IRC  ) reported earnings on Feb. 9. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended Dec. 31 (Q4), Inland Real Estate met expectations on revenues and missed expectations on earnings per share.

Compared to the prior-year quarter, revenue shrank significantly and GAAP earnings per share dropped significantly.

Gross margins expanded, operating margins grew, net margins dropped.

Revenue details
Inland Real Estate chalked up revenue of $37.2 million. The four analysts polled by S&P Capital IQ predicted revenue of $37.4 million. GAAP sales were 15% lower than the prior-year quarter's $43.9 million.

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

EPS details
EPS came in at $0.01. The four earnings estimates compiled by S&P Capital IQ predicted $0.03 per share. GAAP EPS of $0.01 for Q4 were 75% lower than the prior-year quarter's $0.04 per share.

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

Margin details
For the quarter, gross margin was 76.5%, 1,500 basis points better than the prior-year quarter. Operating margin was 33.6%, 660 basis points better than the prior-year quarter. Net margin was 5.0%, 420 basis points worse than the prior-year quarter.

Looking ahead
Next quarter's average estimate for revenue is $40.9 million. On the bottom line, the average EPS estimate is $0.02.

Next year's average estimate for revenue is $162.1 million. The average EPS estimate is $0.07.

Investor sentiment
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Inland Real Estate is hold, with an average price target of $9.67.

Can your portfolio provide you with enough income to last through retirement? You'll need more than Inland Real Estate. Learn how to maximize your investment income and "Secure Your Future With 11 Rock-Solid Dividend Stocks." Click here for instant access to this free report.

• Add Inland Real Estate to My Watchlist.