HCP Earnings: Here’s Why Shares are Down Now
HCP, Inc. (NYSE:HCP) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are down 0.49%.
HCP, Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 4.35% to $0.72 in the quarter versus EPS of $0.67 in the year-earlier quarter.
Revenue: Rose 11.61% to $508.49 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: HCP, Inc. reported adjusted EPS income of $0.72 per share. By that measure, the company beat the mean analyst estimate of $0.71. It beat the average revenue estimate of $492.51 million.
Key Stats (on next page)…
Revenue increased 6.77% from $476.25 million in the previous quarter. EPS increased 4.35% from $0.69 in the previous quarter.
Looking Forward: Analysts have a neutral outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings is a profit of $0.73 and has not changed. For the current year, the average estimate is a profit of $2.76, which is the same with that ninety days ago.
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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)