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Kimco Realty Corporation (KIM) earnings: expect -5% revenue decline

1:28 pm ET, 01 May 2019

Kimco Realty Corporation (KIM) is announcing earnings on May 02 before market opening. Wondering what revenue and earnings will look like?

What should you expect from the upcoming earnings?

Revenue for the next quarter is expected to be $284M, which implies -5% growth rate year-over-year.

Earnings per share are expected to come in at $0.36. If this materializes, EPS will decline -3% year-over-year.

How did the stock do last month?

Over the last month, Kimco Realty Corporation (KIM) returned -2.58%.

How is the stock valued?

Kimco Realty Corporation (KIM) forward P/E ratio is 25.41, and it’s high compared to its industry peers’ P/E ratio.

What do analysts say about the stock?

Kimco Realty Corporation (KIM) average analyst price target is 1.38% above its current price ($17.39).

For the latest price and information on Kimco Realty Corporation, please visit Finstead and ask for "KIM", "KIM analysis" or "KIM news".

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Kimco Realty Corporation (KIM) Stock Guide

Updated at: 5:57 am ET, 17 Sep 2020

Before we start: if you're looking for KIM stock price, you can quickly find it out by visiting Finny and typing "KIM quote". If you're looking for a quick scoop on KIM stock (chart, price target, market cap, news and buy or sell analysis), go to Finny and look for "KIM". You'll get all this info in one place. Or you can just type "KIM news" to get the latest stock news.

Looking to buy or sell Kimco Realty Corporation (KIM)? Interested in getting the full scoop on KIM, including earnings and dividends, stock forecast, buy or sell analysis and key stats? If so, you came to the right place.

In this KIM stock guide, we'll address key questions about KIM, above and beyond what you can find on Yahoo Finance, Zacks, MarketWatch or Morningstar.

Here is what you'll be able to find in this guide:

Earnings and Dividends: earnings, earnings date, dividend rate and dividend yield;
Analyst Predictions: stock forecast and analyst ratings;
Analysis: Finny Score and buy or sell analysis;
Key Stats: revenue, market cap, revenue growth, profit margin, P/E ratio, P/B ratio, industry, sector, and number of employees.

And here is the list of questions we'll answer:
1. What are KIM earnings?
2. What is KIM stock forecast (i.e., prediction)?
3. KIM buy or sell? What is KIM Finny Score?
4. What are the reasons to buy KIM? Why should I buy KIM stock?
5. What are the reasons to sell KIM? Why should I sell KIM stock?
6. What are KIM key stats: revenue, market cap, revenue growth, profit margin, P/E ratio, P/B ratio industry, sector, and number of employees?

So let's start. Scroll down to the question that interests you the most.

Earnings and Dividends

1. What are KIM earnings?

KIM trailing 12-month earnings per share (EPS) is $2.27.

Analyst Predictions

2. What is KIM stock forecast (i.e., prediction)?

Based on KIM analyst price targets, KIM stock forecast is $13.29 (for a year from now). That means the average analyst price target for KIM stock is $13.29. The prediction is based on 21 analyst estimates.

The low price target for KIM is $11.00, while the high price target is $16.00.

KIM analyst rating is Buy.

Analysis

3. KIM buy or sell? What is KIM Finny Score?

#{finnyScore:25}Our quantitative analysis shows 2 reasons to buy and 6 reasons to sell KIM, resulting in Finny Score of 25.

4. What are the reasons to buy KIM? Why should I buy KIM stock?

Here are the reasons to buy KIM stock:

  • Many of Kimco’s in-place leases are significantly below current market rents, providing the company a potential and notable source of organic growth well into the future.
  • Historically low levels of new shopping center supply may continue to support solid operating performance and allow Kimco to successfully execute on its large development and redevelopment pipeline.
  • The eventual liquidation of Kimco’s ownership in Albertsons may be underappreciated by investors.
  • KIM profitability is improving. The YoY profit margin change was 2.61 percentage points. See KIM profitability chart.
  • KIM average analyst rating is Buy. See KIM analyst rating chart.

5. What are the reasons to sell KIM? Why should I sell KIM stock?

Let's look at the reasons to sell KIM stock (i.e., the bear case):

  • Many of Kimco’s in-place leases are subject to renewal options that allow tenants to extend the leases without full renegotiation of rent, preventing the company from realizing often higher current market rents.
  • The potential timing and value of Kimco’s development and redevelopment pipeline is highly uncertain. It may never be fully realized or could turn out unattractive from a risk-adjusted perspective.
  • Shifts in consumer behavior, greater adoption of e-commerce, and technological advances could significantly disrupt tenant profitability, affecting property performance.
  • KIM quarterly revenue growth was -16.10%, lower than the industry and sector average revenue growth (0.01% and 1.44%, respectively). See KIM revenue growth chart.
  • KIM forward P/E ratio is 23.94, which is high compared to its industry peers’ P/E ratios. See KIM forward P/E ratio chart.
  • KIM Price/Sales ratio is 4.77, which is high compared to its industry peers’ P/S ratios. See KIM forward Price/Sales ratio chart.
  • KIM short interest (days to cover the shorts) ratio is 2.32. The stock garners more short interest than the average industry, sector or S&P 500 stock. See KIM short interest ratio chart.
  • KIM cash to debt ratio is 0.04, lower than the average industry (0.09) and sector (0.10) cash to debt ratio. See KIM cash to debt chart.
  • KIM Enterprise Value/Revenue multiple is 9.48, which is high compared to its industry peers’ Enterprise Value/Revenue multiples. See KIM Enterprise Value/Revenue chart.

Key Stats

6. What are KIM key stats : revenue, market cap, revenue growth, profit margin, P/E ratio, P/B ratio industry, sector, and number of employees?

Let's look at the key statistics for KIM:

Metrics KIM
Price $11.51
Average Price Target / Upside $13.47 / 17.08%
Average Analyst Rating Buy
Forward Dividend Yield 0.00%
Industry REIT - Retail
Sector Real Estate
Number of Employees 533
Market Cap $4.74B
Forward P/E Ratio 21.94
Price/Book Ratio 4.28
Revenue (TTM) $1.11B
YoY Quarterly Revenue Growth -16.10%
Profit Margin 93.11%

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