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

Sabra Health Care REIT

09/05/2024 18:13

* Sabra Health Care REIT Inc  SBRA.OQ  reported quarterly
adjusted
earnings of 11 cents​​ per share for the quarter ended in March,
higher than the same quarter last year, when the company
reported EPS of -4 cents.  The mean expectation of
seven analysts for the quarter was for earnings of 14 cents per
share. Wall Street expected results to range from 13 cents to 14
cents per share.
    * Revenue rose 3.4% to $166.75 million from a year ago;
analysts
expected $159.88 million. 
    * Sabra Health Care REIT Inc's reported EPS for the quarter
was 11
cents​.
    * The company reported quarterly net income of $26.25
million.
    * Sabra Health Care REIT Inc shares had risen by 0.7% this
quarter and gained 4.2% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 1.5%
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 May 9 at 05:12
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      0.33           0.34           Beat
 Dec. 31 2023      0.33           0.32           Missed
 Sep. 30 2023      0.33           0.33           Met
 Jun. 30 2023      0.33           0.33           Met