CareTrust REIT Q2 FFO $0.35 Down From $0.37 YoY, Sales $51.55M Beat $51.50M Estimate
Portfolio Pulse from totan@benzinga.com
CareTrust REIT (NASDAQ:CTRE) reported Q2 earnings of $0.35 per share, a 5.41% decrease YoY. However, the company's quarterly sales of $51.55 million beat the analyst consensus estimate of $51.50 million by 0.10%, marking an 8.41% increase YoY.
August 04, 2023 | 2:30 pm
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CareTrust REIT's Q2 earnings per share decreased by 5.41% YoY, but sales beat estimates and increased by 8.41% YoY.
While CareTrust REIT's earnings per share decreased, the company beat sales estimates and reported an increase in sales YoY. This mixed result could lead to neutral short-term price movement.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100