Here's What Key Metrics Tell Us About Welltower (WELL) Q3 Earnings
Welltower (WELL) reported $1.66 billion in revenue for the quarter ended September 2023, representing a year-over-year increase of 12.8%. EPS of $0.92 for the same period compares to -$0.01 a year ago.
The reported revenue represents a surprise of +1.17% over the Zacks Consensus Estimate of $1.64 billion. With the consensus EPS estimate being $0.89, the EPS surprise was +3.37%.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Welltower performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Revenues- Interest income: $42.22 million versus the six-analyst average estimate of $43.69 million. The reported number represents a year-over-year change of +11.7%.
Revenues- Resident fees and services: $1.20 billion versus the six-analyst average estimate of $1.19 billion. The reported number represents a year-over-year change of +12.3%.
Revenues- Rental income: $384.51 million versus $382.90 million estimated by five analysts on average. Compared to the year-ago quarter, this number represents a +6.2% change.
Revenues- Other income: $35.48 million compared to the $15.08 million average estimate based on five analysts. The reported number represents a change of +561.4% year over year.
Net Earnings Per Share (Diluted): $0.24 versus the eight-analyst average estimate of $0.20.
View all Key Company Metrics for Welltower here>>>
Shares of Welltower have returned -0.7% over the past month versus the Zacks S&P 500 composite's -3.6% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term.
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