ProLogis Earnings Preview: Analysts Expect Rising Revenue, Falling EPS Over Previous Quarter

ProLogis PLD releases its next round of earnings this Thursday, July 28, 2011. Get prepared with Benzinga's ultimate preview for ProLogis' second quarter earnings.

Earnings and Revenue:

Analysts are looking ahead to a positive EPS of 32 cents per share and revenues of $221.1 million. Investors will be keen to see how this quarter's numbers stack up against the year-ago quarter's positive EPS of 30 cents per share on revenues of $229.8 million. We'll have to wait for Thursday to see if ProLogis falls in line with analyst expectations and reports an increase in EPS and a decline in revenue from the year-ago quarter.

Here's how the company's reported EPS has stacked up against analyst estimates in the past:

Quarter	Q1	Q4	Q3	Q2
EPS Estimate	$0.32	$0.32	$0.30	$0.30
EPS Actual	$0.33	$0.33	$0.32	$0.30

Stock Performance:

As of July 22, 2011, ProLogis' current share price was $35.85. Since January 1st, shares of ProLogis have given investors a return of 14.9%. For a full 12 months, the return has risen by 33.4%. Given that these returns are generally positive, long-term shareholders are probably satisfied going into this earnings release.

Long-term shareholders are already enjoying 12-month gains prior to the announcement

Average Stock Rating:

The average rating by analysts for ProLogis is a Hold. The strength of this rating has declined slightly over the past three months.

Competitors:

Wondering how some of the other financials companies are doing? Here are a few of ProLogis' peers in that sector.

Dupont Fabros Tech DFT: Moderate Buy with a $0.38 recent quarter EPS
Digital Realty Trust DLR: Moderate Buy with a $1.02 recent quarter EPS
EastGroup Properties EGP: Hold with a $0.73 recent quarter EPS
Monmouth R.E. Inv MNR: Strong Buy with a $0.16 recent quarter EPS

ProLogis is in the REIT-equity trust/other industry, which has experienced price/earnings growth of 2.7%.

Finally, a description of the company's main areas of operation: ProLogis is a publicly held real estate investment trust that owns and operates primarily industrial properties in North America, Europe and Asia.

Take Action:

Now that you're fully prepared, get ready to take quick action if the company reports any numbers significantly different from those listed above. Also, check back in with us after the announcement for a full recap and what-to-do-next guide.

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