Community Healthcare Q3 2023 AFFO $0.63, Inline, Sales $28.73M Miss $28.87M Estimate
Portfolio Pulse from totan@benzinga.com
Community Healthcare (NYSE:CHCT) reported Q3 2023 earnings of $0.63 per share, in line with analyst estimates, and unchanged from the same period last year. However, the company's quarterly sales of $28.73 million missed the analyst consensus estimate of $28.87 million by 0.47 percent, despite a 15.83 percent increase over sales of $24.81 million the same period last year.
October 31, 2023 | 8:41 pm
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Community Healthcare's Q3 2023 earnings met expectations, but sales fell short of estimates. Despite this, sales have increased by 15.83% compared to the same period last year.
Community Healthcare's earnings were in line with expectations, which is generally positive for the stock. However, the company's sales missed estimates, which could negatively impact the stock. The increase in sales compared to the same period last year could offset some of this negative impact.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100