S&P 500 (NYSE:SPY) component Ventas (NYSE:VTR) will unveil its latest earnings on Thursday, July 26, 2012. Ventas is a real estate investment trust, with a portfolio of seniors housing and healthcare properties.
Ventas Earnings Preview Cheat Sheet
Wall St. Earnings Expectations: The average estimate of analysts is for net income of 92 cents per share, a rise of 15% from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved up from 91 cents. Between one and three months ago, the average estimate moved up. It has been unchanged at 92 cents during the last month. Analysts are projecting profit to rise by 10.7% compared to last year’s $3.73.
Past Earnings Performance: Last quarter, the company topped estimates by 0 cents, coming in at profit of 91 cents per share against a mean estimate of net income of 89 cents. The company fell in line with estimates in the fourth quarter of the last fiscal year.
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A Look Back: In the first quarter, profit rose 85% to $90.6 million (31 cents a share) from $49 million (30 cents a share) the year earlier, exceeding analyst expectations. Revenue rose more than twofold to $581.7 million from $270.4 million.
Wall St. Revenue Expectations: Analysts are projecting a rise of 62.3% in revenue from the year-earlier quarter to $591.9 million.
Stock Price Performance: Between May 23, 2012 and July 20, 2012, the stock price had risen $7.26 (12.5%), from $58.13 to $65.39. The stock price saw one of its best stretches over the last year between January 12, 2012 and January 26, 2012, when shares rose for 10 straight days, increasing 8.4% (+$4.58) over that span. It saw one of its worst periods between May 10, 2012 and May 18, 2012 when shares fell for seven straight days, dropping 4.5% (-$2.67) over that span.
With double-digit revenue growth the past four quarters, this earnings release is a chance to keep that positive trend going. The company has averaged year-over-year revenue growth of 96.7% over the last four quarters.
After experiencing income increases the last three quarters, the company is hoping to keep the good news coming with this earnings announcement. Net income rose 77.7% in the third quarter of the last fiscal year and more than twofold in the fourth quarter of the last fiscal year before increasing again in the first quarter.
Analyst Ratings: There are mostly holds on the stock with nine of 14 analysts surveyed giving that rating.
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(Company fundamentals by Xignite Financials. Earnings estimates provided by Zacks)
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