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Omega Healthcare Investors (OHI) Q2 Earnings: Taking a Look at Key Metrics Versus Estimates
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For the quarter ended June 2023, Omega Healthcare Investors (OHI - Free Report) reported revenue of $250.19 million, up 2.3% over the same period last year. EPS came in at $0.74, compared to $0.38 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $238.56 million, representing a surprise of +4.87%. The company delivered an EPS surprise of +7.25%, with the consensus EPS estimate being $0.69.
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 Omega Healthcare Investors performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Revenues- Rental income: $215.01 million compared to the $204.69 million average estimate based on three analysts. The reported number represents a change of +3.6% year over year.
Revenues- Income from direct financing leases: $0.25 million compared to the $0.28 million average estimate based on two analysts. The reported number represents a change of -0.8% year over year.
Diluted- Net income (loss): $0.25 compared to the $0.30 average estimate based on four analysts.
Shares of Omega Healthcare Investors have returned +3.1% over the past month versus the Zacks S&P 500 composite's +3% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term.
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Omega Healthcare Investors (OHI) Q2 Earnings: Taking a Look at Key Metrics Versus Estimates
For the quarter ended June 2023, Omega Healthcare Investors (OHI - Free Report) reported revenue of $250.19 million, up 2.3% over the same period last year. EPS came in at $0.74, compared to $0.38 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $238.56 million, representing a surprise of +4.87%. The company delivered an EPS surprise of +7.25%, with the consensus EPS estimate being $0.69.
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 Omega Healthcare Investors performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Revenues- Rental income: $215.01 million compared to the $204.69 million average estimate based on three analysts. The reported number represents a change of +3.6% year over year.
- Revenues- Income from direct financing leases: $0.25 million compared to the $0.28 million average estimate based on two analysts. The reported number represents a change of -0.8% year over year.
- Diluted- Net income (loss): $0.25 compared to the $0.30 average estimate based on four analysts.
View all Key Company Metrics for Omega Healthcare Investors here>>>Shares of Omega Healthcare Investors have returned +3.1% over the past month versus the Zacks S&P 500 composite's +3% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term.