In its upcoming report, Welltower (WELL) is predicted by Wall Street analysts to post quarterly earnings of $1.22 per share, reflecting an increase of 16.2% compared to the same period last year. Revenues are forecasted to be $2.5 billion, representing a year-over-year increase of 36.8%.
Over the past 30 days, the consensus EPS estimate for the quarter has been adjusted upward by 0.2% to its current level. This demonstrates the covering analysts' collective reassessment of their initial projections during this period.
Ahead of a company's earnings disclosure, it is crucial to give due consideration to changes in earnings estimates. These revisions serve as a noteworthy factor in predicting potential investor reactions to the stock. Numerous empirical studies consistently demonstrate a strong relationship between trends in earnings estimate revision and the short-term price performance of a stock.
While investors typically rely on consensus earnings and revenue estimates to gauge how the business may have fared during the quarter, examining analysts' projections for some of the company's key metrics often helps gain a deeper insight.
Bearing this in mind, let's now explore the average estimates of specific Welltower metrics that are commonly monitored and projected by Wall Street analysts.
Analysts forecast 'Revenues- Interest income' to reach $65.42 million. The estimate indicates a year-over-year change of +3.1%.
Based on the collective assessment of analysts, 'Revenues- Resident fees and services' should arrive at $1.92 billion. The estimate points to a change of +38% from the year-ago quarter.
The collective assessment of analysts points to an estimated 'Revenues- Rental income' of $458.55 million. The estimate indicates a change of +36.6% from the prior-year quarter.
Analysts' assessment points toward 'Revenues- Other income' reaching $24.78 million. The estimate indicates a year-over-year change of -22.9%.
It is projected by analysts that the 'Depreciation and amortization' will reach $484.18 million.
View all Key Company Metrics for Welltower here>>>
Over the past month, Welltower shares have recorded returns of +4.4% versus the Zacks S&P 500 composite's +5.9% change. Based on its Zacks Rank #3 (Hold), WELL will likely exhibit a performance that aligns with the overall market in the upcoming period. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
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Welltower Inc. (WELL): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
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