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

Gaming and Leisure Properties

26/04/2024 04:17

* Gaming and Leisure Properties Inc  GLPI.OQ  reported
quarterly
adjusted earnings of 64 cents​​ per share for the quarter ended
in March, lower than the same quarter last year, when the
company reported EPS of 70 cents.  The mean expectation of
nine analysts for the quarter was for earnings of 70 cents per
share. Wall Street expected results to range from 67 cents to 74
cents per share.
    * Revenue rose 5.5% to $374.89 million from a year ago;
analysts
expected $365.97 million. 
    * Gaming and Leisure Properties Inc's reported EPS for the
quarter
was 64 cents​.
    * The company reported quarterly net income of $174.46
million.
    * Gaming and Leisure Properties Inc shares had fallen
by 5.7% this
quarter and lost 12.0% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 0.8%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

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 $53.00 
This summary was machine generated from LSEG data April 26 at
03:17 a.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
 Mar. 31 2024      0.92           0.92           Met
 Dec. 31 2023      0.93           0.93           Met
 Sep. 30 2023      0.92           0.92           Met
 Jun. 30 2023      0.91           0.92           Beat