Omega Healthcare Investors Inc reports results for the quarter ended in March - Earnings Summary
03/05/2024 20:16
* Omega Healthcare Investors Inc OHI.N reported quarterly
adjusted earnings of 27 cents per share for the quarter ended
in March, higher than the same quarter last year, when the
company reported EPS of 15 cents. The mean expectation of
six analysts for the quarter was for earnings of 32 cents per
share. Wall Street expected results to range from 27 cents to 36
cents per share.
* Revenue rose 11.5% to $243.30 million from a year ago;
analysts
expected $231.64 million.
* Omega Healthcare Investors Inc's reported EPS for the
quarter
was 27 cents.
* The company reported quarterly net income of $67.36
million.
* Omega Healthcare Investors Inc shares had fallen by 1.3%
this
quarter and gained 2.0% so far this year.
FORECAST CHANGES
* The mean earnings estimate of analysts had fallen by
about 1.5%
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 "hold"
and
the breakdown of recommendations is 5 "strong buy" or "buy," 11
"hold" and no "sell" or "strong sell."
* The average consensus recommendation for the specialized
reits
peer group is also "hold"
Wall Street's median 12-month price target for Omega Healthcare
Investors Inc is $32.50
This summary was machine generated from LSEG data May 3 at 07:15
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
Mar. 31 2024 0.66 0.68 Beat
Dec. 31 2023 0.67 0.68 Beat
Sep. 30 2023 0.68 0.71 Beat
Jun. 30 2023 0.68 0.74 Beat