Welltower Q2 FFO $1.05 Beats $1.01 Estimate, Sales $1.82B Miss $1.89B Estimate
Portfolio Pulse from Benzinga Newsdesk
Welltower (NYSE:WELL) reported Q2 earnings per share of $1.05, beating the analyst estimate of $1.01. However, sales of $1.82 billion missed the $1.89 billion estimate. Both earnings and sales showed significant year-over-year growth.
July 29, 2024 | 8:10 pm
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Welltower's Q2 earnings per share of $1.05 beat the analyst estimate of $1.01, showing a 16.67% increase from last year. However, sales of $1.82 billion missed the $1.89 billion estimate, despite a 9.60% year-over-year increase.
The earnings beat is a positive indicator and shows strong profitability, which is likely to boost investor confidence. However, the sales miss could temper some of the enthusiasm. Overall, the strong year-over-year growth in both earnings and sales is a positive sign.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100