Sabra Health Care REIT Inc reports results for the quarter ended in September 30 - Earnings Summary

Sabra Health Care REIT

01/11/2024 02:59

* Sabra Health Care REIT Inc  SBRA.OQ  reported quarterly
adjusted
earnings of 13 cents​​ per share for the quarter ended September
30, higher than the same quarter last year, when the company
reported EPS of -7 cents.  The mean expectation of
seven analysts for the quarter was for earnings of 16 cents per
share. Wall Street expected results to range from 13 cents to 17
cents per share.
    * Revenue rose 10.1% to $178.00 million from a year ago;
analysts
expected $172.34 million. 
    * Sabra Health Care REIT Inc's reported EPS for the quarter
was 13
cents​.
    * The company reported quarterly net income of $29.79
million.
    * Sabra Health Care REIT Inc shares had risen by 5.2% this
quarter and gained 37.2% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 0.1%
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 8 "strong buy" or "buy," 6
"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 $20.00 
This summary was machine generated from LSEG data November 1 at
02:59 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      0.35           0.35           Met
 Jun. 30 2024      0.34           0.35           Beat
 Mar. 31 2024      0.33           0.34           Beat
 Dec. 31 2023      0.33           0.32           Missed