Recap: Welltower Q3 Earnings

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

Here's a breakdown of the earnings report.

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.

Historical Earnings Summary

The company beat on EPS by $0.04 in the previous quarter, leading to a 1.0% increase share price change the next 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.

Overview of Competitors' Recent Earnings

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