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

Welltower

29/07/2024 23:35

* Welltower Inc  WELL.N  reported quarterly adjusted
earnings of
42 cents​​ per share for the quarter ended in June, higher than
the same quarter last year, when the company reported EPS of 20
cents.  The mean expectation of nine analysts for the quarter
was for earnings of 34 cents per share. Wall Street expected
results to range from 31 cents to 43 cents per share.
    * Revenue rose 9.6% to $1.82 billion from a year ago;
analysts
expected $1.89 billion. 
    * Welltower Inc's reported EPS for the quarter was 42
cents​.
    * The company reported quarterly net income of $254.71
million.
    * Welltower Inc shares had risen by 5.3% this quarter and
gained 21.7% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen 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 13 "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
$108.00 
This summary was machine generated from LSEG data July 29 at
10:35 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
 Jun. 30 2024      1.00           1.05           Beat
 Mar. 31 2024      0.95           1.01           Beat
 Dec. 31 2023      0.94           0.96           Beat
 Sep. 30 2023      0.89           0.92           Beat