Here's What to Expect From VICI Properties in Q4 Earnings

VICI Properties Inc. VICI is slated to report fourth-quarter and full-year 2024 earnings results on Feb. 20, after the closing bell. Its quarterly results are expected to exhibit growth in revenues and adjusted funds from operations (AFFO) per share.See the Zacks Earnings Calendar to stay ahead of market-making news.In the last reported quarter, this New York-based experiential REIT, which owns the portfolios of market-leading gaming, hospitality and entertainment destinations, reported an AFFO per share of 57 cents, beating the Zacks Consensus Estimate by a penny.Over the preceding four quarters, the company’s AFFO per share surpassed the Zacks Consensus Estimate on two occasions for as many in-line performances, the average surprise being 0.90%. This is depicted in the graph below: VICI Properties Inc. Price and EPS Surprise VICI Properties Inc. price-eps-surprise | VICI Properties Inc. Quote Factors to Consider Ahead of VICI’s ResultsVICI Properties owns a geographically diverse portfolio, which includes a mix of gaming, hospitality and entertainment assets that are located across the United States and Canada.In the fourth quarter, VICI Properties' performance is expected to have been influenced by the resurgence in demand for its gaming facilities and other hospitality and entertainment venues.Further, the company stands to gain from its strong partnerships with top-tier experiential operators. The long-term triple-net leases with these operators are likely to have contributed to stable revenue generation during the quarter, supporting its top-line growth.However, high interest expenses during the fourth quarter are likely to have been a spoilsport for VICI Properties.Q4 Projections for VICIThe Zacks Consensus Estimate for quarterly revenues is pegged at $974.9 million, which suggests growth of 4.6% from the prior-year quarter’s reported figure.The Zacks Consensus Estimate for income from sales-type leases is currently pegged at $525.3 million, which indicates an increase from $518.7 million in the prior quarter and $506.2 million in the year-ago quarter. Income from lease financing receivables and loans stands at $419.7 million, up from $419.1 million in the prior period and $396.8 million in the year-ago period.The Zacks Consensus Estimate for revenues from golf operations are estimated at $10.9 million, up from $7.6 million reported in the prior quarter and $10.6 million in the year-ago period.The consensus mark for other income currently stands at $19.2 million, implying a decline from $19.3 million from the prior quarter but above the $18.3 million reported in the prior-year period.However, the company’s activities during the to-be-reported quarter were inadequate to garner analysts’ confidence. The Zacks Consensus Estimate for the quarterly AFFO per share has remained unchanged at 57 cents over the past two months. However, the figure indicates growth of 3.6% from the year-ago quarter’s reported figure.VICI’s 2024 ProjectionsFor 2024, VICI Properties estimated AFFO per share in the range of $2.24 and $2.26.For the full year, the Zacks Consensus Estimate for AFFO per share is pegged at $2.26. The figure indicates an 5.1% increase year over year on 6.5% year-over-year growth in revenues to $3.85 billion.What Our Quantitative Model PredictsOur proven model does not conclusively predict a surprise in terms of AFFO per share for VICI Properties this season. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the chances of an AFFO beat, which is not the case here.VICI Properties currently has an Earnings ESP of 0.00% and carries a Zacks Rank of 4 (Sell). You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.Other Stocks That Warrant a LookHere are two other stocks from the broader REIT sector — Host Hotels & Resorts HST and Ryman Hospitality Properties RHP — that you may want to consider, as our model shows that these, too, have the right combination of elements to report a surprise this quarter.Host Hotels, slated to release quarterly numbers on Feb. 19, has an Earnings ESP of +1.53% and carries a Zacks Rank of 3 at present. You can 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 3.Note: Anything related to earnings presented in this write-up represents funds from operations (FFO), a widely used metric to gauge the performance of REITs.Only $1 to See All Zacks' Buys and SellsWe're not kidding.Several years ago, we shocked our members by offering them 30-day access to all our picks for the total sum of only $1. No obligation to spend another cent.Thousands have taken advantage of this opportunity. Thousands did not - they thought there must be a catch. Yes, we do have a reason. We want you to get acquainted with our portfolio services like Surprise Trader, Stocks Under $10, Technology Innovators,and more, that closed 256 positions with double- and triple-digit gains in 2024 alone.See Stocks Now >>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 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 ReportTo read this article on Zacks.com click here.Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks