Equity Profile

NHI

National Health Investors, Inc.

Real EstateHealth Care REITs$3.7B

May4Mon

Post-Earnings Recap

ReportedQ1-2026After Close4:05 PM EDT

National Health Investors Beats on EPS, Stock Down 1.3%

Metric	Actual	Expected	Surprise
EPS	$1.23	$0.86	+1.57%
Revenue	N/A	$105M	N/A

management commentary, guidance changes, and full analysis available with Pro.

National Health Investors Beats on EPS, Stock Down 1.3%

Key Numbers

Metric	Actual	Expected	Surprise
EPS	$1.23	$0.86	+1.57%
Revenue	N/A	$105M	N/A

Management Commentary

Tone: Unknown

No transcript is on record, and the analysis is based on numerical results only.

What It Means

National Health Investors reported better-than-expected earnings per share, which indicates strong performance in that area. However, the stock fell by 1.3% following the earnings release, suggesting that investors may have been disappointed by the lack of revenue information or guidance. The absence of management commentary could also contribute to investor uncertainty.

Company Snapshot

National Health Investors, Inc. (NHI) is a real estate investment trust (REIT) focused on the healthcare sector....

Key Metrics to Watch

EPS

Earnings per share is a key indicator of profitability and will show how well the company is managing its investments.

0.86

Revenue

Total revenue is important to assess the overall growth and stability of the company's income streams.

105M

Wall Street expectations, options signals, track record, and call prep available with Pro.

Original Pre-Earnings Preview

Context

Company Snapshot

National Health Investors, Inc. (NHI) is a real estate investment trust (REIT) focused on the healthcare sector. It primarily invests in senior housing and medical properties, which are crucial as the population ages and healthcare needs grow.

Earnings Scorecard·Last 8Q

EPS Beat Streak

EPS Beat Rate

63%

Avg EPS Surprise

+1.06%

Avg Stock Reaction

+0.12%

Last Quarter Recap

In Q4-2025, NHI reported an EPS of $1.22, slightly missing the estimate of $1.24. The stock reacted negatively, dropping 0.51% the following day.

Management Promises & Guidance

Expectations

Wall Street Expectations

Analysts expect NHI to report an EPS of $0.86 and revenue of $105 million for Q1-2026. The market is watching closely for any signs of recovery after recent earnings misses.

Bull Case

If NHI beats EPS estimates, it could signal improved operational efficiency and a rebound in demand for healthcare properties, potentially driving the stock higher.

Bear Case

Conversely, if NHI misses expectations again, it may raise concerns about the sustainability of its business model and lead to further stock declines.

Key Metrics to Watch

EPS

0.86

Earnings per share is a key indicator of profitability and will show how well the company is managing its investments.

Revenue

105M

Total revenue is important to assess the overall growth and stability of the company's income streams.

Expectations

Two Questions That Matter

The print will turn on these two things.

Will NHI's EPS exceed the consensus estimate of $0.86?

A beat on EPS could indicate stronger-than-expected performance and boost investor confidence.

What factors contributed to revenue expectations of $105 million?

Understanding revenue drivers will help assess the company's growth potential and market position.

Edge

What the Street Is Missing

Why consensus could be wrong

The consensus may underestimate the potential for NHI to recover from previous earnings misses, especially if there are signs of increased demand in the healthcare sector.

Supporting Evidence

NHI has historically beaten EPS estimates 63% of the time, suggesting potential for a positive surprise.

Options pricing indicates a higher expected move than historical averages, hinting at market anticipation for significant news.

Key Risk

If NHI reports strong demand metrics or operational improvements, it could challenge the current bearish sentiment.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

The market is focused on whether NHI can turn around its recent performance and meet or exceed expectations.

Bull Confirmed If

An EPS of $0.90 or higher would confirm the bull case and suggest a recovery in operational performance.

Bear Confirmed If

An EPS below $0.79 would support the bear case, indicating ongoing challenges in the business.

Pre-Earnings Positioning

Options Market

Implied Move

±3.33%

Historical Avg

±1.0%

Pricing rich

The options market is pricing in a potential move of about 3.33%, suggesting that traders expect some volatility around the earnings report.

Options are pricing ±3.3% while NHI has averaged ±1.0% over the last 8 prints — setup is pricing rich.

Detail

ATM IV

0.3%

30d HV

30.6%

Calls (100)P/C Ratio: 12.00Puts (0)

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If NHI beats expectations, history suggests the stock could rise by about 0.42%, confirming a positive outlook.

In-Line / Cautious

If results are in line with expectations, the stock may see muted movement as investors await further guidance.

Miss

A miss could lead to a decline of around 0.19%, reflecting ongoing concerns about the company's performance.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any commentary on occupancy rates in senior housing facilities.
2Updates on new property acquisitions or developments.
3Insights into the impact of regulatory changes on the healthcare sector.
4Management's outlook on future revenue growth and market conditions.
5Any changes in dividend policy or financial guidance.

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Company Snapshot

National Health Investors, Inc. (NHI) is a real estate investment trust (REIT) focused on the healthcare sector....

Key Metrics to Watch

EPS

Earnings per share is a key indicator of profitability and will show how well the company is managing its investments.

0.86

Revenue

Total revenue is important to assess the overall growth and stability of the company's income streams.

105M

Wall Street expectations, options signals, track record, and call prep available with Pro.

Original Pre-Earnings Preview

Context

Company Snapshot

Earnings Scorecard·Last 8Q

EPS Beat Streak

EPS Beat Rate

63%

Avg EPS Surprise

+1.06%

Avg Stock Reaction

+0.12%

Last Quarter Recap

In Q4-2025, NHI reported an EPS of $1.22, slightly missing the estimate of $1.24. The stock reacted negatively, dropping 0.51% the following day.

Management Promises & Guidance

Expectations

Wall Street Expectations

Analysts expect NHI to report an EPS of $0.86 and revenue of $105 million for Q1-2026. The market is watching closely for any signs of recovery after recent earnings misses.

Bull Case

If NHI beats EPS estimates, it could signal improved operational efficiency and a rebound in demand for healthcare properties, potentially driving the stock higher.

Bear Case

Conversely, if NHI misses expectations again, it may raise concerns about the sustainability of its business model and lead to further stock declines.

Key Metrics to Watch

EPS

0.86

Earnings per share is a key indicator of profitability and will show how well the company is managing its investments.

Revenue

105M

Total revenue is important to assess the overall growth and stability of the company's income streams.

Expectations

Two Questions That Matter

The print will turn on these two things.

Will NHI's EPS exceed the consensus estimate of $0.86?

A beat on EPS could indicate stronger-than-expected performance and boost investor confidence.

What factors contributed to revenue expectations of $105 million?

Understanding revenue drivers will help assess the company's growth potential and market position.

Edge

What the Street Is Missing

Why consensus could be wrong

The consensus may underestimate the potential for NHI to recover from previous earnings misses, especially if there are signs of increased demand in the healthcare sector.

Supporting Evidence

NHI has historically beaten EPS estimates 63% of the time, suggesting potential for a positive surprise.

Options pricing indicates a higher expected move than historical averages, hinting at market anticipation for significant news.

Key Risk

If NHI reports strong demand metrics or operational improvements, it could challenge the current bearish sentiment.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

The market is focused on whether NHI can turn around its recent performance and meet or exceed expectations.

Bull Confirmed If

An EPS of $0.90 or higher would confirm the bull case and suggest a recovery in operational performance.

Bear Confirmed If

An EPS below $0.79 would support the bear case, indicating ongoing challenges in the business.

Pre-Earnings Positioning

Options Market

Implied Move

±3.33%

Historical Avg

±1.0%

Pricing rich

The options market is pricing in a potential move of about 3.33%, suggesting that traders expect some volatility around the earnings report.

Options are pricing ±3.3% while NHI has averaged ±1.0% over the last 8 prints — setup is pricing rich.

Detail

ATM IV

0.3%

30d HV

30.6%

Calls (100)P/C Ratio: 12.00Puts (0)

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If NHI beats expectations, history suggests the stock could rise by about 0.42%, confirming a positive outlook.

In-Line / Cautious

If results are in line with expectations, the stock may see muted movement as investors await further guidance.

Miss

A miss could lead to a decline of around 0.19%, reflecting ongoing concerns about the company's performance.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any commentary on occupancy rates in senior housing facilities.
2Updates on new property acquisitions or developments.
3Insights into the impact of regulatory changes on the healthcare sector.
4Management's outlook on future revenue growth and market conditions.
5Any changes in dividend policy or financial guidance.