Omega Healthcare Investors (OHI) Q3 Earnings: Taking a Look at Key Metrics Versus Estimates
For the quarter ended September 2023, Omega Healthcare Investors (OHI) reported revenue of $242.03 million, up 1.1% over the same period last year. EPS came in at $0.71, compared to $0.43 in the year-ago quarter.
The reported revenue represents a surprise of -1.34% over the Zacks Consensus Estimate of $245.31 million. With the consensus EPS estimate being $0.70, the EPS surprise was +1.43%.
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.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Omega Healthcare Investors performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Revenues- Income from direct financing leases: $0.25 million versus the three-analyst average estimate of $0.27 million. The reported number represents a year-over-year change of -0.8%.
Revenues- Rental income: $205.91 million compared to the $215.98 million average estimate based on three analysts. The reported number represents a change of +1.3% year over year.
Revenues- Miscellaneous income: $1.21 million versus the two-analyst average estimate of $1.13 million. The reported number represents a year-over-year change of +398.8%.
Interest income: $30.62 million compared to the $30.12 million average estimate based on two analysts.
Diluted- Net income (loss): $0.37 compared to the $0.33 average estimate based on five analysts.
View all Key Company Metrics for Omega Healthcare Investors here>>>
Shares of Omega Healthcare Investors have returned +1.2% over the past month versus the Zacks S&P 500 composite's -1.1% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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Omega Healthcare Investors, Inc. (OHI) : Free Stock Analysis Report
