Earnings Preview: Analysts Expect Vornado Realty Revenue, Earnings to Dip from Previous Quarter

Vornado Realty VNO announces its next round of earnings this Monday, August 1, 2011. Here is Benzinga's everything-that-matters guide for this Monday's second quarter earnings announcement.

Earnings and Revenue:

Analysts are looking ahead to a positive EPS of $1.17 per share and revenues of $683.6 million. Vornado Realty's latest numbers will no doubt be compared with the company's year-ago quarter, when it reported a profit of $1.18 per share on revenues of $696.1 million.

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

Quarter	Q1	Q4	Q3	Q2
EPS Estimate	$1.97	$1.09	$1.20	$1.06
EPS Actual	$1.77	$1.17	$1.31	$1.18

Stock Performance:

Shares of Vornado Realty were trading at $96.77 as of July 26, 2011. Since January 1st, shares of Vornado Realty have given investors a return of 17.9%. For a full 12 months, the return has risen by 13%. 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 Vornado Realty is a Hold. Over the past three months this rating's strength has declined slightly.

Competitors:

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

• Alexander's ALX: Hold with a $5.15 recent quarter EPS
• Colonial Properties CLP: Hold with a $0.27 recent quarter EPS
• Cousins Properties CUZ: Moderate Buy with a $0.08 recent quarter EPS
• Franklin Street Properties (FSP): Moderate Sell with a $0.20 recent quarter EPS

Vornado Realty 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: Vornado Realty is a real estate investment trust that conducts its business through Vornado Realty L.P.

Take Action:

There is your peek into Vornado Realty's upcoming earnings numbers, including some competitors to watch around the time of the announcement. Check back in with us after the announcement for a full recap of the announcement. In the meantime, here are some links to explore today.

• To see up-to-date news on Vornado Realty, click here
• To see other trading ideas, click here
• To see other company earnings recaps, click here