Ventas Inc reports results for the quarter ended in January - Earnings Summary

Ventas

02/05/2024 06:24

* Ventas Inc  VTR.N  reported a quarterly adjusted loss of 3
cents​​ per share for the quarter ended in January, lower than
the same quarter last year, when the company reported EPS of 4
cents.  The mean expectation of eight analysts for the quarter
was for a loss of 33 cents per share. Wall Street expected
results to range from -38 cents to -16 cents per share.
    * Revenue rose 11.4% to $1.20 billion from a year ago;
analysts
expected $1.16 billion. 
    * Ventas Inc's reported EPS for the quarter was a loss of 3
cents​.
    * The company reported a quarterly loss of $14.31 million.
    * Ventas Inc shares had risen by 0.6% this quarter and
lost 12.1%
so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 2.3%
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," 6
"hold" and no "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 Ventas Inc is
$50.00 
This summary was machine generated from LSEG data May 2 at 05:24
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      0.74           0.78           Beat
 Dec. 31 2023      0.75           0.76           Beat
 Sep. 30 2023      0.74           0.75           Beat
 Jun. 30 2023      0.74           0.75           Beat