Insights into Welltower Q3 Earnings

Welltower (NYSE:WELL) reported its Q3 earnings results on Monday, October 28, 2024 at 04:05 PM.

Here's what investors need to know about the announcement.

Earnings

Welltower beat estimated earnings by 7.000000000000001%, reporting an EPS of $1.11 versus an estimate of $1.04.

Revenue was up $394.00 million from the same period last year.

Overview of Past Earnings

In the previous quarter, the company beat on EPS by $0.04, resulting in a 1.0% increase change in the share price the following day.

Here's a look at Welltower's past performance:

Quarter

Q3 2024

Q2 2024

Q1 2024

Q4 2023

Q3 2023

EPS Estimate

1.04

1.01

0.94

EPS Actual

1.11

1.05

1.01

0.96

0.92

Revenue Estimate

1.95B

1.89B

1.81B

1.75B

1.63B

Revenue Actual

2.06B

1.82B

1.56B

1.75B

1.66B

New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).

Guidance

Welltower management provided guidance for FY 2024, expecting earnings between $4.27 and $4.33 per share.

Peer Companies' Recent Earnings

With Welltower's earnings data in ...