Have you been eager to see how Ventas, Inc.VTR performed in Q1 in comparison with the market expectations? Let's quickly scan through the key facts from this Chicago, IL-based healthcare real estate investment trust (REIT) earnings release this morning:
A FFO Beat
Ventas came out with first-quarter 2017 normalized funds from operations (FFO) per share of $1.03. The Zacks Zacks Consensus Estimate was $1.02.
How Was the Estimate Revision Trend?
Ventas has a decent earnings surprise history. Before posting the FFO beat in Q1 results, the company delivered positive surprises in two of the trailing four quarters. In the other two occasions, the company posted in-line results. Overall, the company surpassed the Zacks Consensus Estimate by an average of 0.99% in the trailing four quarters.
Ventas, Inc. Price and EPS Surprise
Revenue Came In Higher Than Expected
Ventas posted revenues of $883.4 million, which beat the Zacks Consensus Estimate of $872.2 million. Further, it compared favorably with the year-ago number of $852.3 million.
Key Developments to Note
During the quarter, Ventas invested over $1 billion. Also, the financial health and the credit profile of the company were robust during the quarter.
The company reaffirmed its outlook and expects its 2017 normalized FFO per share outlook in the range of $4.12 - $4.18. Also, the company anticipates same-store cash net operating income growth of 1.5-2.5% in 2017.
What Zacks Rank Says
Ventas has a Zacks Rank #3 (Hold). However, since the latest earnings performance is yet to be reflected in the estimate revisions, the rank is subject to change. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here .
Check back later for our full write up on this VTR earnings report later!
Note: All EPS numbers presented in this write-up represent funds from operations (FFO) per share. FFO, a widely used metric to gauge the performance of REITs, is obtained after adding depreciation and amortization and other non-cash expenses to net income .
Zacks' Hidden Trades
While we share many recommendations and ideas with the public, certain moves are hidden from everyone but selected members of our portfolio services. Would you like to peek behind the curtain today and view them?
Starting now, for the next month, I invite you to follow all Zacks' private buys and sells in real time from value to momentum...from stocks under $10 to ETF to option movers...from insider trades to companies that are about to report positive earnings surprises (we've called them with 80%+ accuracy). You can even look inside portfolios so exclusive that they are normally closed to new investors. Click here for Zacks' secret trade>>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report