In its upcoming report, Healthcare Realty Trust (HR) is predicted by Wall Street analysts to post quarterly earnings of $0.39 per share, reflecting no change compared to the same period last year. Revenues are forecasted to be $307.73 million, representing a year-over-year decrease of 6.9%.
The current level reflects a downward revision of 1.3% in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial projections over this period.
Before a company reveals its earnings, it is vital to take into account any changes in earnings projections. These revisions play a pivotal role in predicting the possible reactions of investors toward the stock. Multiple empirical studies have consistently shown a strong association between trends in earnings estimates and the short-term price movements of a stock.
While investors typically use consensus earnings and revenue estimates as a yardstick to evaluate the company's quarterly performance, scrutinizing analysts' projections for some of the company's key metrics can offer a more comprehensive perspective.
That said, let's delve into the average estimates of some Healthcare Realty Trust metrics that Wall Street analysts commonly model and monitor.
The collective assessment of analysts points to an estimated 'Revenues- Rental income' of $306.06 million. The estimate indicates a year-over-year change of -5%.
The consensus among analysts is that 'Revenues- Interest income' will reach $4.68 million. The estimate points to a change of +5.9% from the year-ago quarter.
Analysts forecast 'Revenues- Other operating' to reach $4.97 million. The estimate indicates a change of +26.1% from the prior-year quarter.
According to the collective judgment of analysts, 'Depreciation and amortization' should come in at $159.41 million. The estimate is in contrast to the year-ago figure of $180.05 million.
View all Key Company Metrics for Healthcare Realty Trust here>>>
Shares of Healthcare Realty Trust have experienced a change of +0.1% in the past month compared to the +4.7% move of the Zacks S&P 500 composite. With a Zacks Rank #4 (Sell), HR is expected to underperform the overall market in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Healthcare Realty Trust Incorporated (HR) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.