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Healthcare Realty Trust (HR) Q1 Earnings: Taking a Look at Key Metrics Versus Estimates

Zacks Equity Research
·2-min read

Healthcare Realty Trust (HR) reported $326.81 million in revenue for the quarter ended March 2024, representing a year-over-year decline of 1.8%. EPS of $0.39 for the same period compares to -$0.23 a year ago.

The reported revenue compares to the Zacks Consensus Estimate of $331.43 million, representing a surprise of -1.40%. The company delivered an EPS surprise of +2.63%, with the consensus EPS estimate being $0.38.

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.

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Here is how Healthcare Realty Trust performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:

  • Revenues- Rental income: $318.08 million versus the three-analyst average estimate of $326.50 million. The reported number represents a year-over-year change of -1.9%.

  • Revenues- Interest income: $4.54 million versus the two-analyst average estimate of $4.71 million.

  • Revenues- Other operating: $4.19 million versus $4.70 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a -9.3% change.

  • Net Earnings per Share (Diluted): -$0.82 compared to the -$0.12 average estimate based on three analysts.

View all Key Company Metrics for Healthcare Realty Trust here>>>

Shares of Healthcare Realty Trust have returned +6.1% over the past month versus the Zacks S&P 500 composite's -0.4% 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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