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

Ventas

03/11/2023 24:59

* Ventas Inc  VTR.N  reported a quarterly adjusted loss
of 18
cents​​ per share for the quarter ended in September, lower than
the same quarter last year, when the company reported breakeven
earnings per share.  The mean expectation of nine analysts for
the quarter was for a loss of one cent per share. Wall Street
expected results to range from -3 cents to 6 cents per share.
    * Revenue rose 10.9% to $1.15 billion from a year ago;
analysts
expected $1.12 billion. 
    * Ventas Inc's reported EPS for the quarter was a loss of 18
cents​.
    * The company reported a quarterly loss of $71.12 million.
    * Ventas Inc shares had risen by 1.5% this quarter and
lost 5.0%
so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 1.2%
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 10 "strong buy" or "buy," 9
"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
$49.00 
This summary was machine generated from LSEG data November 3 at
12:59 a.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2023      0.74           0.75           Beat
 Jun. 30 2023      0.74           0.75           Beat
 Mar. 31 2023      0.71           0.74           Beat
 Dec. 31 2022      0.72           0.73           Beat