Welltower (NYSE: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.
Overview of Past Earnings
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.
Competitors' Recent Earnings Updates
When analyzing Welltower's numbers, it's imperative to put them into context by comparing them to those of its competitors, like Healthpeak Properties, Sabra Health Care REIT, and National Health Investors.
- Healthpeak Properties's earnings on October 24, 2024 exceeded market projections, revealing an EPS of $0.45 compared to the estimated EPS of $0.44, resulting in a 2.27% increase.
- The latest earnings announcement from Sabra Health Care REIT on October 31, 2024 exceeded expectations, with an actual EPS of $0.35 compared to the market's estimate of $0.35, resulting in a 0.0% increase.
- On November 05, 2024, National Health Investors unveiled earnings that were below market expectations, with an actual EPS of $1.03 compared to an estimated EPS of $1.08, resulting in a -4.63% decrease.
Insights into Competitors' Quarterly Earnings and Stock Performance
This analysis provides 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 the corresponding stock prices at the close of the announcement day and the open 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 | 1.116.73% | $130.57 | $133.62 | 2.34% | |
| Healthpeak Properties | October 24, 2024 | 0.44 | 0.452.27% | $23.0 | $22.66 | -1.48% | |
| Sabra Health Care REIT | October 31, 2024 | 0.35 | 0.350.0% | $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 Overview of Peer Revenues: Estimated vs. Announced
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.
