Healthcare Realty Trust Earnings: Sees Profit Move Up
Healthcare Realty Trust Inc. (NYSE:HR) reported its results for the third quarter. Healthcare Realty Trust is a real estate investment trust which integrates owning, acquiring, managing and developing income-producing real estate properties associated with delivery of outpatient healthcare services throughout the United States.
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Healthcare Realty Trust Inc. Earnings Cheat Sheet
Results: Net income for Healthcare Realty Trust Inc. rose to $5.8 million (33 cents per share) vs. $651,000 (29 cents per share) in the same quarter a year earlier. This marks a substantial increase from the year-earlier quarter.
Revenue: Rose 7.1% to $79.1 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Healthcare Realty Trust Inc. fell in line with the mean analyst estimate of 33 cents per share. It beat the average revenue estimate of $77.4 million.
The company met estimates last quarter after falling short of forecasts in the previous quarter with net income of 3 cents versus a mean estimate of net income of 33 cents per share.
Looking Forward: Analysts appear increasingly negative about the company’s results for the next quarter. The average estimate for the fourth quarter has moved down from 35 cents a share to 34 cents over the last ninety days. The average estimate for the fiscal year is now $1.35 per share, down from $1.36 sixty days ago.
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(Company fundamentals provided by Xignite Financials. Earnings estimates provided by Zacks)
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