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

CareTrust REIT

02/05/2024 23:52

* CareTrust REIT Inc  CTRE.N  reported quarterly adjusted
earnings
of 22 cents​​ per share for the quarter ended in March, higher
than the same quarter last year, when the company reported EPS
of 19 cents.  The mean expectation of five analysts for the
quarter was for earnings of 25 cents per share. Wall Street
expected results to range from 23 cents to 26 cents per share.
    * Revenue rose 24.6% to $63.07 million from a year ago;
analysts
expected $52.92 million. 
    * CareTrust REIT Inc's reported EPS for the quarter was 22
cents​.
    * The company reported quarterly net income of $28.75
million.
    * CareTrust REIT Inc shares had risen by 2.3% this
quarter and
gained 11.4% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 0.4%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 6 "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 $25.00 
This summary was machine generated from LSEG data May 2 at 10:52
p.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
 Mar. 31 2024      0.36           0.35           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