S&P 500 (NYSE:SPY) component Health Care REIT, Inc. (NYSE:HCN) will unveil its latest earnings on Thursday, August 4, 2011. Health Care REIT Inc. 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 estimate of analysts is for profit of 87 cents per share, a rise of 8.7% 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 83 cents. For the year, analysts are projecting net income of $3.39 per share, a rise of 10.1% from last year.
Past Earnings Performance: For the past three quarters, the company’s quarterly results have come in below analyst’s expectations. Last quarter, the company reported profit of 70 cents per share versus a mean estimate of net income of 74 cents per share.
Wall St. Revenue Expectations: On average, analysts predict $340.1 million in revenue this quarter, a rise of more than twofold from the year ago quarter. Analysts are forecasting total revenue of $1.29 billion for the year, a rise of 89.6% from last year’s revenue of $680.5 million.
Analyst Ratings: Analysts are bullish on this stock with 10 analysts rating it as a buy, none rating it as a sell and seven rating it as a hold.
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 48.5%, with the biggest boost coming in the most recent quarter when revenue rose 80.9% from the year earlier quarter.
The company has now seen net income rise in two straight quarters. In the first quarter, net income rose 2.3% from the year earlier. In the fourth quarter of the last fiscal year, the figure rose 6.4%.
Competitors to Watch: HCP, Inc. (NYSE:HCP), Ventas, Inc. (NYSE:VTR), Omega Healthcare Investors, Inc. (NYSE:OHI), National Health Investors Inc (NYSE:NHI), LTC Properties, Inc. (NYSE:LTC), Senior Housing Properties Trust (NYSE:SNH), Healthcare Realty Trust Inc. (NYSE:HR), Universal Health Realty Income Trust (NYSE:UHT), Medical Properties Trust, Inc. (NYSE:MPW), and Nationwide Health Properties Inc. (NYSE:NHP).
Stock Price Performance: During July 25, 2011 to July 29, 2011, the stock price had dropped $1.26 (-2.3%) from $54.04 to $52.78. The stock price saw one of its best stretches over the last year between December 15, 2010 and December 28, 2010 when shares rose for nine-straight days, rising 7.5% (+$3.21) 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, falling 3.4% (-$1.85) over that span. Shares are up $6.44 (+13.9%) year to date.
(Source: Xignite Financials)