Advertisement
Singapore markets close in 6 hours 19 minutes

  • Straits Times Index

    3,405.82
    -4.99 (-0.15%)
     

  • Nikkei

    40,982.99
    +70.62 (+0.17%)
     

  • Hang Seng

    17,557.47
    -242.14 (-1.36%)
     

  • FTSE 100

    8,203.93
    -37.33 (-0.45%)
     

  • Bitcoin USD

    55,407.99
    -2,822.16 (-4.85%)
     

  • CMC Crypto 200

    1,145.00
    -63.69 (-5.27%)
     

  • S&P 500

    5,567.19
    +30.17 (+0.54%)
     

  • Dow

    39,375.87
    +67.87 (+0.17%)
     

  • Nasdaq

    18,352.76
    +164.46 (+0.90%)
     

  • Gold

    2,395.10
    -2.60 (-0.11%)
     

  • Crude Oil

    82.88
    -0.28 (-0.34%)
     

  • 10-Yr Bond

    4.2720
    -0.0830 (-1.91%)
     

  • FTSE Bursa Malaysia

    1,611.02
    -5.73 (-0.35%)
     

  • Jakarta Composite Index

    7,243.10
    -10.28 (-0.14%)
     

  • PSE Index

    6,525.56
    +32.81 (+0.51%)
     

VICI Properties (VICI) Q1 Earnings: Taking a Look at Key Metrics Versus Estimates

Zacks Equity Research
·2-min read

VICI Properties Inc. (VICI) reported $951.48 million in revenue for the quarter ended March 2024, representing a year-over-year increase of 8.4%. EPS of $0.56 for the same period compares to $0.52 a year ago.

The reported revenue represents a surprise of +0.98% over the Zacks Consensus Estimate of $942.27 million. With the consensus EPS estimate being $0.56, the company has not delivered EPS surprise.

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.

As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.

ADVERTISEMENT

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

  • Revenues- Golf revenues: $10.10 million compared to the $10.25 million average estimate based on five analysts. The reported number represents a change of +2.6% year over year.

  • Revenues- Other income: $19.31 million versus the five-analyst average estimate of $18.18 million. The reported number represents a year-over-year change of +5.3%.

  • Revenues- Income from lease financing receivables and loans: $409.30 million versus the three-analyst average estimate of $401.25 million. The reported number represents a year-over-year change of +10.3%.

  • Revenues- Income from sales-type leases: $512.77 million versus the three-analyst average estimate of $511.46 million. The reported number represents a year-over-year change of +7.2%.

  • Net Earnings Per Share (Diluted): $0.57 versus $0.66 estimated by five analysts on average.

View all Key Company Metrics for VICI Properties here>>>

Shares of VICI Properties have returned -3.1% over the past month versus the Zacks S&P 500 composite's -4.1% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.

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

VICI Properties Inc. (VICI) : Free Stock Analysis Report

To read this article on Zacks.com click here.

Zacks Investment Research