CareTrust REIT Inc reports results for the quarter ended in September 30 - Earnings Summary

CareTrust REIT

30/10/2024 03:08

* CareTrust REIT Inc  CTRE.N  reported quarterly adjusted
earnings
of 21 cents​​ per share for the quarter ended September 30,
higher than the same quarter last year, when the company
reported EPS of 8 cents.  The mean expectation of six analysts
for the quarter was for earnings of 29 cents per share. Wall
Street expected results to range from 28 cents to 31 cents per
share.
    * Revenue rose 38.5% to $77.38 million from a year ago;
analysts
expected $56.70 million. 
    * CareTrust REIT Inc's reported EPS for the quarter was 21
cents​.
    * The company reported quarterly net income of $33.44
million.
    * CareTrust REIT Inc shares had risen by 1.5% this
quarter and
gained 39.9% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 3.4%
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 $33.00 
This summary was machine generated from LSEG data October 30 at
03:08 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
 Sep. 30 2024      0.38           0.38           Met
 Jun. 30 2024      0.36           0.36           Met
 Mar. 31 2024      0.36           0.35           Missed
 Dec. 31 2023      0.36           0.36           Met