Welltower Inc reports results for the quarter ended in January - Earnings Summary

Welltower

30/04/2024 03:27

* Welltower Inc  WELL.N  reported quarterly adjusted
earnings of
22 cents​​ per share for the quarter ended in January, higher
than the same quarter last year, when the company reported EPS
of 5 cents.  The mean expectation of nine analysts for the
quarter was for earnings of 25 cents per share. Wall Street
expected results to range from 20 cents to 29 cents per share.
    * Revenue rose 19.2% to $1.86 billion from a year ago;
analysts
expected $1.81 billion. 
    * Welltower Inc's reported EPS for the quarter was 22
cents​.
    * The company reported quarterly net income of $127.15
million.
    * Welltower Inc shares had risen by 1.0% this quarter and
gained 4.6% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 0.3%
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 "buy"
and
the breakdown of recommendations is 14 "strong buy" or "buy," 5
"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 Welltower Inc is
$102.00 
This summary was machine generated from LSEG data April 30 at
02:27 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
 Mar. 31 2024      0.95           1.01           Beat
 Dec. 31 2023      0.94           0.96           Beat
 Sep. 30 2023      0.89           0.92           Beat
 Jun. 30 2023      0.86           0.90           Beat