Welltower Earnings Report: Q3 Overview

Welltower WELL just disclosed its Q3 earnings on Monday, October 28, 2024 at 04:05 PM.

Here's a brief overview of the earnings report.

Earnings

Welltower beat estimated earnings by 7.000000000000001%, reporting an EPS of $1.11 versus an estimate of $1.04.

Revenue was up $394.00 million from the same period last year.

Past Earnings Performance

The company beat on EPS by $0.04 in the previous quarter, leading to a 1.0% increase share price change the next day.

Here's a look at Welltower's past performance:

New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).

Guidance

Welltower management provided guidance for FY 2024, expecting earnings between $4.27 and $4.33 per share.

Peer Performance in Recent Earnings

With Welltower's earnings data now available, it's crucial to gauge how its competitors, including Healthpeak Properties, Sabra Health Care REIT, and National Health Investors, have been performing.

• Healthpeak Properties, earnings revealed on October 24, 2024, exhibited robust performance this quarter. Contrary to the market's projected EPS of $0.44, Healthpeak Properties exceeded expectations with an EPS of $0.45, reflecting an increase of 2.27% compared to estimates. This outcome is likely to gain investor confidence
• Sabra Health Care REIT announced strong earnings on October 31, 2024, surpassing market expectations. Despite an estimated EPS of $0.35, Sabra Health Care REIT's actual EPS was $0.35, reflecting a 0.0% increase.
• The latest earnings report from National Health Investors on November 05, 2024 showed a downturn in performance, with results falling short of expectations. Despite the market's EPS estimate of $1.08, National Health Investors reported an EPS of $1.03, marking a -4.63% decrease.

Analysis of Competitors' Quarterly Earnings and Stock Performance

The analysis presented here offers insights into the market's response to the latest earnings releases of key competitors. It highlights the expected and announced earnings per share (EPS) for each company, along with their corresponding stock prices at the close of the announcement day and the open of the following trading day.

Comparative Assessment: Estimated in Comparison with Actual Peer Revenues

The comparison table below presents estimated and announced revenue figures for Welltower's peers. This comparison provides insights into the revenue performance of these companies, offering valuable context for understanding their financial standing within the industry.

To track all earnings releases for Welltower visit their earnings calendar here.

This article was generated by Benzinga's automated content engine and reviewed by an editor.