GLPI Earnings Prediction
The chart below shows how GLPI performed 10 days before and after its earnings report, based on data from the past quarters. Typically, GLPI sees a -0.89% change in stock price 10 days leading up to the earnings, and a +0.54% change 10 days following the report. On the earnings day itself, the stock moves by +0.13%. This data can give you a slight idea of what to expect for the next quarter's release.
GLPI Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
385.34M
7.17%
1.24%
Gross Margin
89.64%
-6.54%
-8.30%
Operating Margin
69.46%
-6.15%
-9.90%
Net Margin
49.33%
-6.31%
-12.43%
EPS
0.67
-4.29%
-12.99%
No Data Available
GLPI Earnings Analysis
Gaming and Leisure Properties, Inc. Corporation (GLPI.O) Earnings Conference Call
Positive
Real Estate Income Surge: Total income from real estate exceeded the third quarter of 2023 by $25.8 million.
Acquisition Income Increase: The Tioga acquisition increased income by $3.6 million; the Rockford acquisition increased cash income by $4.6 million.
Cash Income Increase: The Casino Queen Marquette acquisition and the Baton Rouge land side development increased cash income by $1.5 million and $2.3 million, respectively.
Cash Income Increase: The acquisition of Bally's Chicago increased cash income by $1.1 million, and Bally's Tropicana funding increased by $0.4 million.
Escalator Income Adjustment: The recognition of escalators and percentage rent adjustments on leases added approximately $5.3 million of cash income.
Negative
Operating Expenses Increase: Operating expenses increased by $22.6 million, primarily due to a non-cash increase in the provision for credit losses.
Real Estate Income Surge: Our total income from real estate exceeded the third quarter of 2023 by $25.8 million, but this growth was driven by acquisitions rather than organic growth.
Operating Expenses Impact: Operating income was negatively impacted by increased operating expenses, which rose significantly compared to the previous year.
Profitability Challenges in Gaming: The company is facing challenges in maintaining profitability due to rising costs and increased competition in the gaming sector.
Future Revenue Uncertainty: There is uncertainty regarding future revenue streams as the company navigates through a competitive landscape and potential regulatory changes.
GLPI FAQs
How does GLPI typically perform around its earnings report dates?
Is Gaming and Leisure Properties, Inc. (GLPI) Q3 2024 Earnings Call Summary positive or negative?
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GLPI Earning Call Sentiment
Gaming and Leisure Properties, Inc. (GLPI) Q3 2024 Earnings Call Transcript
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00:00
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GLPI.O
-0.65%Positive
The earnings call presents a strong financial performance with increased income from real estate and successful bond issuance. The AFFO guidance is optimistic, and the new investments and partnerships indicate growth potential. The Q&A section highlights management's confidence in strategic transactions, despite some unclear responses. The forward sale agreements and rent escalations suggest financial stability. Overall, the positive aspects outweigh the concerns, suggesting a positive stock price movement.
