Gaming and Leisure Properties Inc reports results for the quarter ended June 30 - Earnings Summary

• Gaming and Leisure Properties Inc GLPI.OQ reported quarterly adjusted earnings of 54 cents​​ per share for the quarter ended June 30, lower than the same quarter last year, when the company reported EPS of 77 cents. The mean expectation of nine analysts for the quarter was for earnings of 75 cents per share. Wall Street expected results to range from 68 cents to 81 cents per share.

• Revenue rose 4.7% to $398.64 million from a year ago; analysts expected $393.27 million.

• Gaming and Leisure Properties Inc's reported EPS for the quarter was 54 cents​.

• The company reported quarterly net income of $151.44 million.

• Gaming and Leisure Properties Inc shares had risen by 1.0% this quarter and lost 2.1% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 0.9% in the last three months.​

• In the last 30 days, one analyst negatively revised an earnings estimate

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 14 "strong buy" or "buy," 9 "hold" and 1 "sell" or "strong sell." The average consensus recommendation for the specialized reits peer group is also "buy"

• Wall Street's median 12-month price target for Gaming and Leisure Properties Inc is $55.00, about 14.3% above its last closing price of $47.13

This summary was machine generated from LSEG data July 24 at 09:51 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)