CareTrust REIT Inc expected to post earnings of 22  cents a share - Earnings Preview

CareTrust REIT

01/08/2023 03:04

* CareTrust REIT Inc  CTRE.N   CTRE.K  is expected to show a
rise
in quarterly revenue when it reports  results on August 3. 
    * The San Clemente California-based  company is expected to
report
 a 3.8% increase in revenue to $49.362 million from $47.55
million a year ago, according to the mean estimate from 6
analysts, based on Refinitiv data. 
    * ​Refinitiv's mean analyst estimate for CareTrust REIT Inc
is for
earnings of 22 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 5 "strong buy" or "buy," 4
"hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for CareTrust
REIT
Inc is $22​, above​ its last closing price of $20.79. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Mar. 31 2023  0.35        0.36       0.35      Missed  -2.4
 Dec. 31 2023  0.38        0.37       0.38      Beat    2.2
 Sep. 30 2022  0.37        0.38       0.37      Missed  -1.5​
 Jun. 30 2022  0.36        0.36       0.37      Beat    3.1
 ​​Mar.        0.37        0.38       0.37      Missed  -1.3
 31 2022                                                
 Dec. 31 2021  0.39        0.39       0.39      Met     0.2​
 Sep. 30 2021  0.38        0.38       0.38      Met     0.3
 Jun. 30 2021  0.37        0.37       0.37      Met     0
 This summary was machine generated August 1 at 02:04 GMT.  All
figures in US dollars  unless otherwise stated