For the quarter ended June 2023, LTC Properties (LTC - Free Report) reported revenue of $31.54 million, down 0.3% over the same period last year. EPS came in at $0.66, compared to $1.36 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $29.3 million, representing a surprise of +7.64%. The company has not delivered EPS surprise, with the consensus EPS estimate being $0.66.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how LTC performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Rental income: $31.54 million versus $31.67 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a -0.3% change.
- Interest income from mortgage loans: $11.93 million compared to the $13.85 million average estimate based on two analysts. The reported number represents a change of +18.1% year over year.
- Interest and other income: $0.95 million versus the two-analyst average estimate of $2.02 million. The reported number represents a year-over-year change of -26.6%.
View all Key Company Metrics for LTC here>>>Shares of LTC have returned +7.6% over the past month versus the Zacks S&P 500 composite's +5.6% 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.
Free – 5 Dividend Stocks to Fund Your Retirement
Zacks Investment Research has released a Special Report to help you prepare for retirement with 5 diverse stocks that pay whopping dividends. They cut across property management, upscale outlets, financial institutions, and a couple of strong energy producers.
5 Dividend Stocks to Include in Your Retirement Strategy is packed with unconventional wisdom and insights you won’t get from your neighborhood financial planner.
Download Now – Today It’s FREE >>
For the quarter ended June 2023, LTC Properties (LTC - Free Report) reported revenue of $31.54 million, down 0.3% over the same period last year. EPS came in at $0.66, compared to $1.36 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $29.3 million, representing a surprise of +7.64%. The company has not delivered EPS surprise, with the consensus EPS estimate being $0.66.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how LTC performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Rental income: $31.54 million versus $31.67 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a -0.3% change.
- Interest income from mortgage loans: $11.93 million compared to the $13.85 million average estimate based on two analysts. The reported number represents a change of +18.1% year over year.
- Interest and other income: $0.95 million versus the two-analyst average estimate of $2.02 million. The reported number represents a year-over-year change of -26.6%.
View all Key Company Metrics for LTC here>>>Shares of LTC have returned +7.6% over the past month versus the Zacks S&P 500 composite's +5.6% 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.
Free – 5 Dividend Stocks to Fund Your Retirement
Zacks Investment Research has released a Special Report to help you prepare for retirement with 5 diverse stocks that pay whopping dividends. They cut across property management, upscale outlets, financial institutions, and a couple of strong energy producers.
5 Dividend Stocks to Include in Your Retirement Strategy is packed with unconventional wisdom and insights you won’t get from your neighborhood financial planner.
Download Now – Today It’s FREE >>
Get the latest research report on LTC - FREE