Sabra Health Care REIT Inc reports results for the quarter ended in January - Earnings Summary

Sabra Health Care REIT

08/08/2024 03:38

* Sabra Health Care REIT Inc  SBRA.OQ  reported quarterly
adjusted
earnings of 10 cents​​ per share for the quarter ended in
January, higher than the same quarter last year, when the
company reported EPS of 9 cents.  The mean expectation of
seven analysts for the quarter was for earnings of 15 cents per
share. Wall Street expected results to range from 14 cents to 16
cents per share.
    * Revenue rose 9.3% to $176.14 million from a year ago;
analysts
expected $166.03 million. 
    * Sabra Health Care REIT Inc's reported EPS for the quarter
was 10
cents​.
    * The company reported quarterly net income of $23.98
million.
    * Sabra Health Care REIT Inc shares had risen by 7.0% this
quarter and gained 15.5% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 0.8%
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," 8
"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 Sabra Health Care
REIT Inc is $16.00 
This summary was machine generated from LSEG data August 8 at
02:38 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
 Jun. 30 2024      0.34           0.35           Beat
 Mar. 31 2024      0.33           0.34           Beat
 Dec. 31 2023      0.33           0.32           Missed
 Sep. 30 2023      0.33           0.33           Met