Ventas Inc reports results for the quarter ended in September 30 - Earnings Summary

Ventas

31/10/2024 03:07

* Ventas Inc  VTR.N  reported quarterly adjusted earnings of
5
cents​​ per share for the quarter ended September 30, higher
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 a loss of 3 cents per share. Wall Street
expected results to range from -7 cents to -1 cents per share.
    * Revenue rose 7.5% to $1.24 billion from a year ago;
analysts
expected $1.21 billion. 
    * Ventas Inc's reported EPS for the quarter was 5 cents​.
    * The company reported quarterly net income of $19.24
million.
    * Ventas Inc shares had risen by 3.0% this quarter and
gained 32.5% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 0.7%
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 15 "strong buy" or "buy," 5
"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
70.00 
This summary was machine generated from LSEG data October 31 at
03:07 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
 Sep. 30 2024      0.80           0.80           Met
 Jun. 30 2024                     0.80           
 Mar. 31 2024                     0.78           
 Dec. 31 2023      0.75           0.76           Beat