LTC Properties Inc expected to post earnings of 46  cents a share - Earnings Preview

LTC Properties

25/10/2023 03:02

* LTC Properties Inc  LTC.N   LTC  is expected to show a
rise in
quarterly revenue when it reports  results on October 26. 
    * The Westlake Village California-based  company is expected
to
report  a 51.9% increase in revenue to $47.979 million from
$31.59 million a year ago, according to the mean estimate from 3
analysts, based on Refinitiv data. 
    * ​Refinitiv's mean analyst estimate for LTC Properties Inc
is for
earnings of 46 cents per share. 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 2 "strong buy" or "buy," 6
"hold" and 1 "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for LTC
Properties
Inc is $34​, above​ its last closing price of $31.48. ​​​

The company's guidance on July 28 2023 for the period ended
September 30 was for Funds Flow from Operations between USD0.63
and USD0.64.
Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Jun. 30 2023  0.64        0.65       0.66      Beat    2.2
 Mar. 31 2023  0.70        0.69       0.66      Missed  -4.3
 Dec. 31 2022  0.70        0.70       0.72      Beat    3.1​
 Sep. 30 2022  0.64        0.65       0.60      Missed  -7.3
 ​​Jun.        0.62        0.62       0.62      Met     0.5
 30 2022                                                
 Mar. 31 2022  0.59        0.59       0.60      Beat    1.4​
 Dec. 31 2021  0.57        0.57       0.56      Missed  -1.3
 Sep. 30 2021  0.53        0.56       0.45      Missed  -19
 This summary was machine generated October 25 at 02:02 GMT.  All
figures in US dollars  unless otherwise stated