Welltower IncWELL
▲ PositiveCapitalrelevance
Revenue and EPS beat estimates, with strong earnings growth.
Impact on stocks 1
Aging Population
Welltower IncWelltower Q2 revenue rises 39.1% to $3.54 billion, beating estimates
Earnings
Welltower reported second-quarter revenue of $3.54 billion, a 39.1% increase from the same period last year, surpassing the Zacks Consensus Estimate of $3.43 billion. Earnings per share came in at $1.60, compared to $0.45 a year ago, and exceeded the consensus estimate of $1.55. Interest income rose 24.7% to $77.37 million, while other income fell 29.7% to $22.59 million. Diluted net earnings per share were $0.61, above the two-analyst average estimate of $0.58. Shares have returned 10.9% over the past month, outperforming the S&P 500's 0.8% gain.
Welltower IncRevenue and EPS beat estimates, with strong earnings growth.