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

W. P. Carey

03/11/2023 13:32

* WP Carey Inc  WPC.N  reported quarterly adjusted earnings
of 58
cents​​ per share for the quarter ended in September, higher
than the same quarter last year, when the company reported EPS
of 51 cents.  The mean expectation of three analysts for the
quarter was for earnings of 64 cents per share. Wall Street
expected results to range from 61 cents to 66 cents per share.
    * Revenue rose 17.3% to $448.26 million from a year ago;
analysts
expected $450.03 million. 
    * WP Carey Inc's reported EPS for the quarter was 58 cents​.
    * The company reported quarterly net income of $125.04
million.
    * WP Carey Inc shares had risen by 4.6% this quarter and
lost 27.6% 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, 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 2 "strong buy" or "buy," 6
"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
$60.00 
This summary was machine generated from LSEG data November 3 at
01:32 p.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 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
 Dec. 31 2022      1.26           1.70           Beat