Health Care REIT Inc. Fourth Quarter Earnings Sneak Peek

S&P 500 (NYSE:SPY) component Health Care REIT, Inc. (NYSE:HCN) will unveil its latest earnings on Thursday, February 16, 2012. Health Care REIT is a real estate investment trust that invests in and manages senior housing and health care real estate.

Health Care REIT, Inc. Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average analyst estimate is for profit of 90 cents per share, a rise of 20% from the company’s actual earnings for the year-ago quarter. The average estimate is the same as three months ago. Between one and three months ago, the average estimate was unchanged. It also has not changed during the last month. Analysts are projecting profit to rise by 10.1% compared to last year’s $3.39.

Past Earnings Performance: Last quarter, the company fell short of estimates by 9 cents, coming in at net income of 79 cents a share versus the estimate of profit of 88 cents a share. It was the fourth straight quarter of missing estimates.

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Wall St. Revenue Expectations: Analysts are projecting a rise of 92.4% in revenue from the year-earlier quarter to $389.5 million.

Analyst Ratings: Analysts seem relatively indifferent about Health Care REIT with 10 of 18 analysts surveyed maintaining a hold rating.

A Look Back: In the third quarter, profit rose 732% to $53.8 million (21 cents a share) from $6.5 million (one cent a share) the year earlier, but fell short analyst expectations. Revenue rose more than twofold to $376.9 million from $167 million.

Key Stats:

The company has enjoyed double-digit year-over-year percentage revenue growth for the past four quarters. Over that span, the company has averaged growth of 93.9%, with the biggest boost coming in the second quarter when revenue rose more than twofold from the year earlier quarter.

The company has seen net income rise in three straight quarters. Net income rose 70.5% in the second quarter and 2.3% in the first quarter.

Stock Price Performance: Between November 14, 2011 and February 10, 2012, the stock price rose $7.17 (14.5%), from $49.28 to $56.45. The stock price saw one of its best stretches over the last year between April 18, 2011 and April 28, 2011, when shares rose for eight straight days, increasing 4.4% (+$2.17) over that span. It saw one of its worst periods between July 7, 2011 and July 14, 2011 when shares fell for six straight days, dropping 3.5% (-$1.78) over that span.

(Company fundamentals by Xignite Financials. Earnings estimates provided by Zacks)

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