Welltower WELL announced its Q3 earnings on Monday, October 28, 2024 at 04:05 PM.
Here's a breakdown 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.
Historical Earnings Summary
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:
| Quarter | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 |
|---|---|---|---|---|---|
| EPS Estimate | 1.04 | 1.01 | 0.94 | ||
| EPS Actual | 1.11 | 1.05 | 1.01 | 0.96 | 0.92 |
| Revenue Estimate | 1.95B | 1.89B | 1.81B | 1.75B | 1.63B |
| Revenue Actual | 2.06B | 1.82B | 1.56B | 1.75B | 1.66B |
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.
Overview of Competitors' Recent Earnings
As we analyze Welltower's earnings, it's important to contextualize its numbers by examining how it fares against its industry rivals, such as Healthpeak Properties, Sabra Health Care REIT, and National Health Investors.
- Healthpeak Properties's earnings announcement on October 24, 2024 exceeded expectations, with an actual EPS of $0.45 compared to the market's projected EPS of $0.44, resulting in a 2.27% increase.
- Sabra Health Care REIT's earnings announcement on October 31, 2024 exceeded expectations, with an actual EPS of $0.35 compared to the market's projected EPS of $0.35, resulting in 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.
Insights into Competitors' Quarterly Earnings and Stock Performance
This analytical review offers valuable insights into how the market has perceived the most recent earnings updates from major competitors. It outlines the forecasted and disclosed earnings per share (EPS) for each company, as well as the related stock prices at the end of the announcement day and the start of the following trading day.
| Company Name | Date | EPS Expected | EPS Announced | EPS Change Percent | Stock Price At Close | Stock Price at Next Day Open | Price Change Percent |
|---|---|---|---|---|---|---|---|
| Welltower | October 28, 2024 | 1.04 | 1.11 | 6.73% | $130.57 | $133.62 | 2.34% |
| Healthpeak Properties | October 24, 2024 | 0.44 | 0.45 | 2.27% | $23.0 | $22.66 | -1.48% |
| Sabra Health Care REIT | October 31, 2024 | 0.35 | 0.35 | 0.0% | $19.4 | $19.78 | 1.96% |
| National Health Investors | November 05, 2024 | 1.08 | 1.03 | -4.63% | $76.73 | $76.75 | 0.03% |
Comparative Study: Estimated vs. Actual Peer Revenues
Below is a comparison of estimated and announced revenue figures for Welltower's peers. This comparison gives insights into the revenue performance of these companies, providing valuable context for understanding their financial standing within the industry.
| Company Name | Estimated Revenue | Announced Revenue | Revenue Surprise Percentage |
|---|---|---|---|
| Welltower | 1.95B | 2.06B | 5.44% |
| Healthpeak Properties | 688.98M | 700.40M | 1.66% |
| Sabra Health Care REIT | 172.34M | 178.00M | 3.28% |
| National Health Investors | 79.21M | 82.94M | 4.72% |
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.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
