Healthpeak Properties (DOC) is unlikely to significantly beat earnings tomorrow, and here's why:
- Analysts' Estimates: The consensus estimates for DOC's earnings per share (EPS) and revenue for the upcoming quarter are $0.44 per share and $549.6 million, respectively12. These estimates are based on the company's recent performance and market conditions.
- Recent Performance: In the last reported quarter, DOC's FFO per share exceeded the Zacks Consensus Estimate by 2.27%, but this was due to better-than-expected revenues1. The company's EPS for the quarter was $0.21, which was below analysts' expectations of $0.443. This suggests that DOC has not been consistently beating earnings estimates.
- Market Conditions: The healthcare real estate market, where DOC operates, is influenced by various factors such as interest rates, regulatory changes, and competition from other REITs4. These factors can impact the company's performance and make it challenging to significantly exceed earnings expectations.
- Company Guidance: Healthpeak Properties has set its FY 2024 guidance for EPS at a range of 1.770-1.810, which does not indicate a significant upside surprise3. The company's conservative P/AFFO of 14.25x also suggests a potential upside, but it does not guarantee a significant beat5.
DOC Total Revenue YoY, Diluted EPS YoY...
In conclusion, while DOC has shown some positive signs in its recent performance and market conditions, it is unlikely to significantly beat earnings tomorrow. The company's guidance and historical performance suggest a more modest outlook. Investors should exercise caution and consider these factors when evaluating DOC's earnings potential.