WP Carey Inc reports results for the quarter ended in December - Earnings Summary

W. P. Carey

09/02/2024 14:33

* WP Carey Inc  WPC.N  reported quarterly adjusted earnings
of 66
cents​​ per share for the quarter ended in December, lower than
the same quarter last year, when the company reported EPS of
$1.00.  The mean expectation of four analysts for the quarter
was for earnings of 53 cents per share. 
    * Revenue rose 2.4% to $412.44 million from a year ago;
analysts
expected $422.12 million. 
    * WP Carey Inc's reported EPS for the quarter was 66 cents​.
    * The company reported quarterly net income of $144.29
million.
    * WP Carey Inc shares had fallen by 5.3% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 1.7%
in the last three months.​ 
    * In the last 30 days, there have been no negative revisions
of
earnings estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 3 "strong buy" or "buy," 7
"hold" and 2 "sell" or "strong sell." 
    * The average consensus recommendation for the diversified
reits
peer group is also "hold"

Wall Street's median 12-month price target for WP Carey Inc is
$65.50 
This summary was machine generated from LSEG data February 9 at
02:32 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
 Dec. 31 2023      1.21           0.97           Missed
 Sep. 30 2023      1.32           1.32           Met
 Jun. 30 2023      1.29           1.34           Beat
 Mar. 31 2023      1.26           1.29           Beat