2023-08-07 14:29:43 ET
Medical Properties ( NYSE: MPW ) is scheduled to announce Q2 earnings results on Tuesday, August 8th, before market open.
The consensus FFO estimate is $0.37 and the consensus revenue estimate is $348.42M.
Over the last 2 years, MPW has beaten FFO estimates 63% of the time and revenue estimates 50% of the time.
Past results :
Q1 FFO of $0.37 misses by $0.01. Revenue of $350.2M (-14.5% Y/Y) misses by $2.57M.
The healthcare REIT lowered the top end of its guidance range for full-year normalized FFO per share, while keeping the lower end of the range unchanged, as Q1 earnings and revenue both came in slightly below Wall Street expectations and retreated Q/Q and Y/Y.
Peer performance :
Omega Healthcare Q2 FFO of $0.74 beats by $0.06. Revenue of $250.19M (+2.3% Y/Y) beats by $51.52M. The company turned in better-than-expected Q2 earnings as the operating environment continued to improve, with occupancy increasing and the tight labor market easing slowly.
Physicians Realty Trust Q2 FFO of $0.25 in-line. Revenue of $135.1M (+2.2% Y/Y) beats by $0.76M.
Ratings :
The sell-side analysts give the stock a Buy rating, with an average price target of $11.67. The stock is currently trading at $10.08.
Seeking Alpha analysts give the stock a Buy rating, while the Quant Rating system gives the stock a Hold rating.
Recent earnings analysis from SA contributors :
- Medical Properties Trust: There's A Lot Of Explaining That Needs Done
- Medical Properties Trust: Management Likely To Continue Forward-Thinking
- Medical Properties Trust: A Decent High-Risk High-Reward Play
For further details see:
Medical Properties to report Q2 earnings tomorrow