Post-earnings recap
Reported
Wed, Apr 29, 2026
EPS actual
$0.42
EPS est.
$0.42
EPS surprise
+0.00%
1-day move
-0.78%
Four Corners Property Trust reported an EPS of $0.42, significantly above the expected $0.28. However, the stock reacted negatively, declining by 0.78%. The lack of revenue data and management commentary may have contributed to investor uncertainty.
| Metric | Actual | Expected | Surprise |
|---|---|---|---|
| EPS | $0.42 | $0.28 | +0.00% |
| Revenue | N/A | $76M | N/A |
No transcript is on record, and the analysis is based on numerical results only.
Four Corners Property Trust, Inc. (FCPT) is a real estate investment trust (REIT) that primarily focuses on acquiring and leasing properties in the restaurant sector. With a market cap of $3 billion, it plays a significant role in the specialized REIT industry, particularly as consumer spending patterns shift in the post-pandemic landscape.
Last quarter
In the last quarter, FCPT reported an EPS of $0.43, matching analyst expectations. The stock saw a slight decline of 0.36% the following day, indicating cautious investor sentiment.
EPS beat streak
1Q
EPS beat rate
25%
Avg EPS surprise
+0.00%
Avg 1-day reaction
-0.20%
Analysts expect FCPT to report earnings that align closely with consensus estimates, reflecting steady performance in a challenging economic environment.
Bull case
If FCPT exceeds EPS expectations and shows strong revenue growth, it could signal robust demand for its properties and boost investor confidence.
Bear case
Conversely, if the company misses earnings expectations or shows signs of declining revenue, it could lead to a significant drop in stock price.
Key metrics to watch
EPS
0.28Earnings per share (EPS) is a key indicator of profitability and will show how well the company is managing its operations.
Revenue
76MRevenue figures will provide insight into the company's overall sales performance and growth trajectory.
The print will turn on these.
Q1
Will FCPT's EPS exceed the consensus estimate of $0.28?
A beat on EPS could indicate stronger operational performance and could positively influence investor sentiment.
Q2
What revenue figure will FCPT report, and how does it compare to the consensus of $76 million?
Revenue is critical for assessing the company's growth and ability to attract and retain tenants, especially in the current economic climate.
—
Est. EPS
$1.52
Est. Rev
$3.6B
Impl. Move
±39.2%
Why consensus could be wrong
The Street may underestimate FCPT's ability to leverage its property portfolio effectively, leading to stronger-than-expected revenue growth.
Supporting evidence
FCPT has a history of beating EPS estimates 75% of the time, indicating potential for positive surprises.
The options market is pricing a significant move, suggesting that investors expect volatility that may not align with current consensus.
Key risk
If revenue exceeds $78 million, it could challenge the current cautious outlook.
Pre-commit to what would confirm each case.
The market is closely watching FCPT's ability to maintain profitability and revenue growth amidst changing consumer behaviors.
Bull confirmed if
An EPS of $0.30 or higher, coupled with revenue exceeding $78 million, would confirm the bull case.
Bear confirmed if
An EPS below $0.27 or revenue falling short of $71 million would support the bear case.
What the market is pricing for the move.
Implied Move
±27.36%
Historical Avg
±0.9%
The options market is pricing in a substantial move, indicating that investors anticipate volatility around the earnings report.
Options are pricing ±17.5% while FCPT has averaged ±0.9% over the last 8 prints — setup is pricing rich.
30d HV
21.7%
Smart-money positioning from the most recent 13F filings.
Institutional
106.04%
of float
Insider
1.29%
of float
Holders
483
institutions
Top Holders· as of Jun 2026
Blackrock Inc.
19,975,819 sh · $420.1M
18.20%
-0.1%
Likely market behavior by outcome. Not investment advice.
Beat & raise
If FCPT beats estimates, history suggests a potential average one-day move of +0.46%, confirming a positive outlook.
In line / cautious
If results are in line with expectations, the stock may react cautiously, reflecting uncertainty in future growth.
Miss
A miss on earnings could lead to a decline, with historical data suggesting an average one-day drop of -0.81%.
The lines on the call that would change the story.
FMR, LLC
7,108,538 sh · $149.5M
6.48%
-18.1%
Vanguard Portfolio Management LLC
7,100,385 sh · $149.3M
6.47%
6.8%
State Street Corporation
6,284,795 sh · $132.2M
5.73%
3.2%
Vanguard Capital Management LLC
4,919,393 sh · $103.5M
4.48%
0.3%
13F filings updated quarterly. Position deltas show change in shares vs. the prior quarter.