CareTrust REIT Inc reports results for the quarter ended in December - Earnings Summary

CareTrust REIT

09/02/2024 06:57

* CareTrust REIT Inc  CTRE.N  reported quarterly adjusted
earnings
of 22 cents​​ per share for the quarter ended in December,
higher than the same quarter last year, when the company
reported EPS of 15 cents.  The mean expectation of six analysts
for the quarter was for earnings of 24 cents per share. Wall
Street expected results to range from 23 cents to 25 cents per
share.
    * Revenue rose 3.2% to $53.47 million from a year ago;
analysts
expected $53.52 million. 
    * CareTrust REIT Inc's reported EPS for the quarter was 22
cents​.
    * The company reported quarterly net income of $26.3
million.
    * CareTrust REIT Inc shares had fallen by 6.2% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 1.4%
in the last three months.​ 
    * In the last 30 days, there have been no negative revisions
of
earnings estimates

RECOMMENDATIONS
    * 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 average consensus recommendation for the specialized
reits
peer group is also "buy"

Wall Street's median 12-month price target for CareTrust REIT
Inc is $24.00 
This summary was machine generated from LSEG data February 9 at
06:57 a.m. UTC. ​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) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2023      0.36           0.36           Met
 Sep. 30 2023      0.36           0.35           Missed
 Jun. 30 2023      0.35           0.35           Met
 Mar. 31 2023      0.36           0.35           Missed