VICI Properties Inc. VICI is slated to report fourth-quarter and full-year 2024 earnings outcomes on Feb. 20, after the closing bell. Its quarterly outcomes are anticipated to exhibit progress in revenues and adjusted funds from operations (AFFO) per share.
See the Zacks Earnings Calendar to remain forward of market-making information.
Within the final reported quarter, this New York-based experiential REIT, which owns the portfolios of market-leading gaming, hospitality and leisure locations, reported an AFFO per share of 57 cents, beating the Zacks Consensus Estimate by a penny.
Over the previous 4 quarters, the corporate’s AFFO per share surpassed the Zacks Consensus Estimate on two events for as many in-line performances, the typical shock being 0.90%. That is depicted within the graph beneath:
VICI Properties Inc. Value and EPS Shock
VICI Properties Inc. price-eps-surprise | VICI Properties Inc. Quote
Elements to Think about Forward of VICI’s Outcomes
VICI Properties owns a geographically various portfolio, which incorporates a mixture of gaming, hospitality and leisure belongings which can be positioned throughout the US and Canada.
Within the fourth quarter, VICI Properties’ efficiency is anticipated to have been influenced by the resurgence in demand for its gaming services and different hospitality and leisure venues.
Additional, the corporate stands to achieve from its sturdy partnerships with top-tier experiential operators. The long-term triple-net leases with these operators are more likely to have contributed to secure income technology in the course of the quarter, supporting its top-line progress.
Nevertheless, excessive curiosity bills in the course of the fourth quarter are more likely to have been a spoilsport for VICI Properties.
This autumn Projections for VICI
The Zacks Consensus Estimate for quarterly revenues is pegged at $974.9 million, which suggests progress of 4.6% from the prior-year quarter’s reported determine.
The Zacks Consensus Estimate for earnings from sales-type leases is at the moment pegged at $525.3 million, which signifies a rise from $518.7 million within the prior quarter and $506.2 million within the year-ago quarter. Revenue from lease financing receivables and loans stands at $419.7 million, up from $419.1 million within the prior interval and $396.8 million within the year-ago interval.
The Zacks Consensus Estimate for revenues from golf operations are estimated at $10.9 million, up from $7.6 million reported within the prior quarter and $10.6 million within the year-ago interval.
The consensus mark for different earnings at the moment stands at $19.2 million, implying a decline from $19.3 million from the prior quarter however above the $18.3 million reported within the prior-year interval.
Nevertheless, the corporate’s actions in the course of the to-be-reported quarter had been insufficient to garner analysts’ confidence. The Zacks Consensus Estimate for the quarterly AFFO per share has remained unchanged at 57 cents over the previous two months. Nevertheless, the determine signifies progress of three.6% from the year-ago quarter’s reported determine.
VICI’s 2024 Projections
For 2024, VICI Properties estimated AFFO per share within the vary of $2.24 and $2.26.
For the complete yr, the Zacks Consensus Estimate for AFFO per share is pegged at $2.26. The determine signifies an 5.1% enhance yr over yr on 6.5% year-over-year progress in revenues to $3.85 billion.
What Our Quantitative Mannequin Predicts
Our confirmed mannequin doesn’t conclusively predict a shock when it comes to AFFO per share for VICI Properties this season. The mixture of a constructive Earnings ESP and a Zacks Rank #1 (Robust Purchase), 2 (Purchase) or 3 (Maintain) will increase the probabilities of an AFFO beat, which isn’t the case right here.
VICI Properties at the moment has an Earnings ESP of 0.00% and carries a Zacks Rank of 4 (Promote). You may uncover one of the best shares to purchase or promote earlier than they’re reported with our Earnings ESP Filter.
Different Shares That Warrant a Look
Listed below are two different shares from the broader REIT sector — Host Lodges & Resorts HST and Ryman Hospitality Properties RHP — that you could be wish to think about, as our mannequin exhibits that these, too, have the precise mixture of parts to report a shock this quarter.
Host Lodges, slated to launch quarterly numbers on Feb. 19, has an Earnings ESP of +1.53% and carries a Zacks Rank of three at current. You may see the complete list of today’s Zacks #1 Rank stocks here.
Ryman Hospitality, scheduled to report quarterly numbers on Feb. 20, has an Earnings ESP of +4.91% and carries a Zacks Rank of three.
Word: Something associated to earnings offered on this write-up represents funds from operations (FFO), a extensively used metric to gauge the efficiency of REITs.
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Host Hotels & Resorts, Inc. (HST) : Free Stock Analysis Report
Ryman Hospitality Properties, Inc. (RHP) : Free Stock Analysis Report
VICI Properties Inc. (VICI) : Free Stock Analysis Report
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The views and opinions expressed herein are the views and opinions of the creator and don’t essentially replicate these of Nasdaq, Inc.
