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

W. P. Carey

30/10/2024 03:05

* WP Carey Inc  WPC.N  reported quarterly adjusted earnings
of 51
cents​​ per share for the quarter ended September 30, lower than
the same quarter last year, when the company reported EPS of 58
cents.  The mean expectation of four analysts for the quarter
was for earnings of 53 cents per share. Wall Street expected
results to range from 50 cents to 58 cents per share.
    * Revenue fell 11.9% to $394.78 million from a year ago;
analysts
expected $379.68 million. 
    * WP Carey Inc's reported EPS for the quarter was 51 cents​.
    * The company reported quarterly net income of $111.7
million.
    * WP Carey Inc shares had fallen by 7.7% this quarter and
lost 11.3% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 0.4%
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 "hold"
and
the breakdown of recommendations is 2 "strong buy" or "buy," 10
"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 October 30 at
03:05 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      1.17           1.18           Beat
 Jun. 30 2024      1.17           1.18           Beat
 Mar. 31 2024      1.16           1.20           Beat
 Dec. 31 2023      1.21           0.97           Missed