Will Growth In Seniors Housing Market Aid HCP's Q3 Earnings?
Zacks Investment Research | Oct 29, 2019 07:43AM ET
HCP Inc. (NYSE:HCP) is slated to report third-quarter 2019 results on Oct 30, after the market closes. While its revenues are expected to display year-over-year improvement, funds from operations (FFO) per share might reflect a decline.
In the last reported quarter, this Irvine, CA-based healthcare real estate investment trust (REIT) posted FFO as adjusted of 44 cents per share, surpassing the Zacks Consensus Estimate of 43 cents. Results were supported by decent performance of the company’s life-science and medical-office segments.
Over the trailing four quarters, the company exceeded estimates on three occasions and met in the other, coming up with an average positive beat of 1.75%. This is depicted in the graph below.
HCP, Inc. Price and EPS Surprise
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