Healthcare Realty Trust Third Quarter 2022 Earnings: Revenues Beat Expectations, EPS Lags
Healthcare Realty Trust (NYSE:HR) Third Quarter 2022 Results
Key Financial Results
Revenue: US$306.4m (up 125% from 3Q 2021).
Net income: US$28.3m (up from US$2.60m loss in 3Q 2021).
Profit margin: 9.2% (up from net loss in 3Q 2021).
EPS: US$0.086 (up from US$0.018 loss in 3Q 2021).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Healthcare Realty Trust Revenues Beat Expectations, EPS Falls Short
Revenue exceeded analyst estimates by 2.1%. Earnings per share (EPS) missed analyst estimates by 40%.
Looking ahead, revenue is forecast to grow 25% p.a. on average during the next 3 years, compared to a 6.8% growth forecast for the REITs industry in the US.
Performance of the American REITs industry.
The company's shares are up 4.2% from a week ago.
Risk Analysis
Be aware that Healthcare Realty Trust is showing 4 warning signs in our investment analysis and 2 of those shouldn't be ignored...
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
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