Will Senior Housing Softness Impact HCP In Q1 Earnings?
Zacks Investment Research | Apr 28, 2019 09:12PM ET
HCP Inc. (NYSE:HCP) is slated to report first-quarter 2019 results on May 1, after the market closes. The company’s performance will likely reflect a year-over-year (y/y) decline in funds from operations (FFO) and revenues.
In the last reported quarter, this Irvine, CA-based healthcare real estate investment trust’s (REIT) FFO as adjusted per share of 43 cents met the Zacks Consensus Estimate. Results were supported by decent performance of the company’s life-science and medical-office segment.
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 2.21%. This is depicted in the graph below.
HCP, Inc. Price and EPS Surprise
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