Gaming and Leisure Properties Inc reports results for the quarter ended in June - Earnings Summary

Gaming and Leisure Properties

25/07/2024 23:45

* Gaming and Leisure Properties Inc  GLPI.OQ  reported
quarterly
adjusted earnings of 77 cents​​ per share for the quarter ended
in June, higher than the same quarter last year, when the
company reported EPS of 59 cents.  The mean expectation of
nine analysts for the quarter was for earnings of 73 cents per
share. Wall Street expected results to range from 71 cents to 77
cents per share.
    * Revenue rose 6.7% to $380.63 million from a year ago;
analysts
expected $377.21 million. 
    * Gaming and Leisure Properties Inc's reported EPS for the
quarter
was 77 cents​.
    * The company reported quarterly net income of $208.25
million.
    * Gaming and Leisure Properties Inc shares had risen by 7.4%
this
quarter and lost 1.6% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 0.7%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 14 "strong buy" or "buy," 8
"hold" and 1 "sell" or "strong sell." 
    * The average consensus recommendation for the specialized
reits
peer group is also "buy"

Wall Street's median 12-month price target for Gaming and
Leisure Properties Inc is $52.75 
This summary was machine generated from LSEG data July 25 at
10:45 p.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2024      0.94           0.94           Met
 Mar. 31 2024      0.92           0.92           Met
 Dec. 31 2023      0.93           0.93           Met
 Sep. 30 2023      0.92           0.92           Met