Health Care REIT
The 10-second takeaway
For the quarter ended Dec. 31 (Q4), Health Care REIT beat expectations on revenues and missed expectations on earnings per share.
Compared to the prior-year quarter, revenue grew significantly and GAAP earnings per share contracted significantly.
Margins contracted across the board.
Health Care REIT logged revenue of $407.4 million. The eight analysts polled by S&P Capital IQ wanted to see net sales of $388.7 million on the same basis. GAAP reported sales were much higher than the prior-year quarter's $191.6 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
Non-GAAP EPS came in at $0.22. The four earnings estimates compiled by S&P Capital IQ forecast $0.27 per share on the same basis. GAAP EPS of $0.14 for Q4 were 52% lower than the prior-year quarter's $0.29 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 68.5%, 390 basis points worse than the prior-year quarter. Operating margin was 33.8%, 500 basis points worse than the prior-year quarter. Net margin was 8.6%, 1,540 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $413.6 million. On the bottom line, the average EPS estimate is $0.28.
Next year's average estimate for revenue is $1.67 billion. The average EPS estimate is $1.30.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 443 members out of 471 rating the stock outperform, and 28 members rating it underperform. Among 149 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 141 give Health Care REIT a green thumbs-up, and eight give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Health Care REIT is outperform, with an average price target of $52.88.
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