We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
HCP Inc. (HCP) Q4 FFO Beat Estimates; Revenues Miss
Read MoreHide Full Article
Have you been eager to see how HCP Inc. (HCP - Free Report) performed in Q4 in comparison with the market expectations? Let’s quickly scan through the key facts from this Irvine, California-based healthcare real estate investment trust’s (REIT) earnings release this morning:
A FFO Beat
HCP came out with adjusted funds from operations (FFO) of 59 cents per share, beating the Zacks Consensus Estimate of 57 cents.
How Was the Earnings Surprise Trend?
HCP has a decent surprise history. Before posting a FFO beat in Q4, the company delivered a positive surprise in three out of prior four quarters and in-line results in the other occasion, as shown in the chart below. Overall, the company surpassed the Zacks Consensus Estimate by an average of 2.42% in the trailing four quarters.
HCP posted revenues of $540 million, which missed the Zacks Consensus Estimate of $563 million. However, it compared favorably with the year-ago number of $520.3 million.
Key Developments to Note
HCP completed the spin-off of Quality Care Properties, Inc. (QCP) on Oct 31, 2016.
HCP expects full-year 2017 adjusted FFO per share in a range of $1.89–$1.95. The company anticipates 2016 same property portfolio cash net operating income growth, in a range of 2.5– 3.5%.
What Zacks Rank Says
HCP currently has a Zacks Rank #3 (Hold). However, since the latest earnings performance is yet to be reflected in the estimate revisions, the rank is subject to change. While things apparently look favorable, it all depends on what sense the just-released report makes to the analysts.
Note: All EPS numbers presented in this write up represent funds from operations (“FFO”) per share. FFO, a widely used metric to gauge the performance of REITs, is obtained after adding depreciation and amortization and other non-cash expenses to net income.
Check back later for our full write up on this HCP earnings report later!
Zacks’ Best Private Investment Ideas
In addition to the recommendations that are available to the public on our website, how would you like to follow all Zacks' private buys and sells in real time?
Our experts cover all kinds of trades… from value to momentum . . . from stocks under $10 to ETF and option moves . . . from stocks that corporate insiders are buying up to companies that are about to report positive earnings surprises. You can even look inside exclusive portfolios that are normally closed to new investors. Starting today, for the next month, you can have unrestricted access. Click here for Zacks' private trades >>
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
HCP Inc. (HCP) Q4 FFO Beat Estimates; Revenues Miss
Have you been eager to see how HCP Inc. (HCP - Free Report) performed in Q4 in comparison with the market expectations? Let’s quickly scan through the key facts from this Irvine, California-based healthcare real estate investment trust’s (REIT) earnings release this morning:
A FFO Beat
HCP came out with adjusted funds from operations (FFO) of 59 cents per share, beating the Zacks Consensus Estimate of 57 cents.
How Was the Earnings Surprise Trend?
HCP has a decent surprise history. Before posting a FFO beat in Q4, the company delivered a positive surprise in three out of prior four quarters and in-line results in the other occasion, as shown in the chart below. Overall, the company surpassed the Zacks Consensus Estimate by an average of 2.42% in the trailing four quarters.
HCP, Inc. Price and EPS Surprise
HCP, Inc. Price and EPS Surprise | HCP, Inc. Quote
Revenue Came Lower Than Expected
HCP posted revenues of $540 million, which missed the Zacks Consensus Estimate of $563 million. However, it compared favorably with the year-ago number of $520.3 million.
Key Developments to Note
HCP completed the spin-off of Quality Care Properties, Inc. (QCP) on Oct 31, 2016.
HCP expects full-year 2017 adjusted FFO per share in a range of $1.89–$1.95. The company anticipates 2016 same property portfolio cash net operating income growth, in a range of 2.5– 3.5%.
What Zacks Rank Says
HCP currently has a Zacks Rank #3 (Hold). However, since the latest earnings performance is yet to be reflected in the estimate revisions, the rank is subject to change. While things apparently look favorable, it all depends on what sense the just-released report makes to the analysts.
(You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.)
Note: All EPS numbers presented in this write up represent funds from operations (“FFO”) per share. FFO, a widely used metric to gauge the performance of REITs, is obtained after adding depreciation and amortization and other non-cash expenses to net income.
Check back later for our full write up on this HCP earnings report later!
Zacks’ Best Private Investment Ideas
In addition to the recommendations that are available to the public on our website, how would you like to follow all Zacks' private buys and sells in real time?
Our experts cover all kinds of trades… from value to momentum . . . from stocks under $10 to ETF and option moves . . . from stocks that corporate insiders are buying up to companies that are about to report positive earnings surprises. You can even look inside exclusive portfolios that are normally closed to new investors. Starting today, for the next month, you can have unrestricted access. Click here for Zacks' private trades >>