VICI Properties Inc. (VICI) Reports Q3 Earnings: What Key Metrics Have to Say
For the quarter ended September 2023, VICI Properties Inc. (VICI) reported revenue of $904.32 million, up 20.3% over the same period last year. EPS came in at $0.54, compared to $0.34 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $898.76 million, representing a surprise of +0.62%. The company delivered an EPS surprise of +1.89%, with the consensus EPS estimate being $0.53.
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 VICI Properties Inc. performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Revenues- Golf revenues: $7.43 million versus $7.88 million estimated by five analysts on average. Compared to the year-ago quarter, this number represents a +11% change.
Revenues- Other income: $18.18 million versus the four-analyst average estimate of $18.38 million. The reported number represents a year-over-year change of +1.8%.
Revenues- Income from lease financing receivables and loans: $378.50 million versus the two-analyst average estimate of $310.30 million. The reported number represents a year-over-year change of +7.9%.
Revenues- Income from sales-type leases: $500.21 million versus the two-analyst average estimate of $558.76 million. The reported number represents a year-over-year change of +33%.
Net Earnings Per Share (Diluted): $0.55 versus $0.64 estimated by four analysts on average.
View all Key Company Metrics for VICI Properties Inc. here>>>
Shares of VICI Properties Inc. have returned -4.3% over the past month versus the Zacks S&P 500 composite's -1.6% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
VICI Properties Inc. (VICI) : Free Stock Analysis Report
