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

W. P. Carey

30/04/2024 23:29

* WP Carey Inc  WPC.N  reported quarterly adjusted earnings
of 72
cents​​ per share for the quarter ended in March, lower than the
same quarter last year, when the company reported EPS of $1.39. 
The mean expectation of three analysts for the quarter was
for earnings of 53 cents per share. 
    * Revenue fell 8.8% to $389.80 million from a year ago;
analysts
expected $397.59 million. 
    * WP Carey Inc's reported EPS for the quarter was 72 cents​.
    * The company reported quarterly net income of $159.22
million.
    * WP Carey Inc shares had fallen by 1.3% this quarter and
lost 14.1% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 1.9%
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 "hold"
and
the breakdown of recommendations is 2 "strong buy" or "buy," 9
"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
$61.00 
This summary was machine generated from LSEG data April 30 at
10:28 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
 Mar. 31 2024      1.16           1.20           Beat
 Dec. 31 2023      1.21           0.97           Missed
 Sep. 30 2023      1.32           1.32           Met
 Jun. 30 2023      1.29           1.34           Beat