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

Ventas

02/08/2024 02:23

* Ventas Inc  VTR.N  reported quarterly adjusted earnings of
5
cents​​ per share for the quarter ended in June, lower than the
same quarter last year, when the company reported EPS of 18
cents.  The mean expectation of eight analysts for the quarter
was for earnings of 2 cents per share. Wall Street expected
results to range from -10 cents to 8 cents per share.
    * Revenue rose 8.6% to $1.20 billion from a year ago;
analysts
expected $1.19 billion. 
    * Ventas Inc's reported EPS for the quarter was 5 cents​.
    * The company reported quarterly net income of $19.39
million.
    * Ventas Inc shares had risen by 6.2% this quarter and
gained 9.2%
so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 0.2%
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," 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
$55.00 
This summary was machine generated from LSEG data August 2 at
01:22 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
 Jun. 30 2024      0.79           0.80           Beat
 Mar. 31 2024      0.74           0.78           Beat
 Dec. 31 2023      0.75           0.76           Beat
 Sep. 30 2023      0.74           0.75           Beat