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

CareTrust REIT

03/08/2023 23:43

* CareTrust REIT Inc  CTRE.N  reported a quarterly adjusted
loss
of 1 cent​​ per share for the quarter ended in June. The mean
expectation of five analysts for the quarter was for earnings of
22 cents per share.
    * Revenue rose 8.4% to $51.55 million from a year ago;
analysts
expected $49.36 million. 
    * CareTrust REIT Inc's reported EPS for the quarter was a
loss of
1 cent​.
    * The mean earnings estimate of analysts had fallen by
about 2.7%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company. 
    * CareTrust REIT Inc shares had risen by 2.7% this
quarter and
gained 9.8% so far this year.
    * The company reported a quarterly loss of $484 thousand.
    * Wall Street's median 12-month price target for CareTrust
REIT
Inc is $22.00 
    * 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." 

This summary was machine generated from LSEG Refinitiv data
August 3 at 10:43 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      0.35           0.35           Met
 Mar. 31 2023      0.36           0.35           Missed
 Dec. 31 2022      0.37           0.38           Beat
 Sep. 30 2022      0.38           0.37           Missed