CareTrust REIT Inc expected to post earnings of 24 cents a share - Earnings Preview

CareTrust REIT

05/02/2024 11:14

* CareTrust REIT Inc  CTRE.N   CTRE.K  is expected to show a
rise
in quarterly revenue when it reports  results on February 8 for
the period ending December 31 2023
    * The San Clemente California-based  company is expected to
report
a 1.5% increase in revenue to $52.573 million from $51.81
million a year ago, according to the mean estimate from 6
analysts, based on LSEG data. (SAL is on Rental/Property Revenue
basis)
    * ​LSEG's mean analyst estimate for CareTrust REIT Inc is
for
earnings of 24 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 7 "strong buy" or "buy," 2
"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 $24.00​, above​ its last closing price of $20.41. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Sep. 30 2023  0.36        0.36       0.35      Missed  -2.4
 Jun. 30 2023  0.35        0.35       0.35      Met     -1.2
 Mar. 31 2023  0.35        0.36       0.35      Missed  -2.4​
 Dec. 31 2022  0.38        0.37       0.38      Beat    2.2
 ​​Sep.        0.37        0.38       0.37      Missed  -1.5
 30 2022                                                
 Jun. 30 2022  0.36        0.36       0.37      Beat    3.1​
 Mar. 31 2022  0.37        0.38       0.37      Missed  -1.3
 Dec. 31 2021  0.39        0.39       0.39      Met     0.2
 This summary was machine generated February 5 at 11:14 GMT.  All
figures in US dollars unless otherwise stated. (For questions
concerning the data in this report, contact
Estimates.Support@lseg.com. For any other questions or feedback,
contact RefinitivNewsSupport@thomsonreuters.com)