Back to top

Image: Bigstock

Compared to Estimates, Getty Realty (GTY) Q3 Earnings: A Look at Key Metrics

Read MoreHide Full Article

For the quarter ended September 2023, Getty Realty (GTY - Free Report) reported revenue of $48.85 million, up 17.6% over the same period last year. EPS came in at $0.57, compared to $0.27 in the year-ago quarter.

The reported revenue represents a surprise of +9.33% over the Zacks Consensus Estimate of $44.68 million. With the consensus EPS estimate being $0.56, the EPS surprise was +1.79%.

While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.

Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.

Here is how Getty Realty performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:

  • Revenues- Interest on notes and mortgages receivable: $1.64 million versus $1.26 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +278.3% change.
  • Revenues- Revenues from rental properties: $48.85 million versus the two-analyst average estimate of $44.68 million. The reported number represents a year-over-year change of +17.6%.
  • Net Earnings Per Share - Diluted: $0.31 versus $0.31 estimated by two analysts on average.
View all Key Company Metrics for Getty Realty here>>>

Shares of Getty Realty have returned -5% over the past month versus the Zacks S&P 500 composite's -1.6% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.

See More Zacks Research for These Tickers


Normally $25 each - click below to receive one report FREE:


Getty Realty Corporation (GTY) - free report >>

Published in