CareTrust REIT Q4 EPS $0.36 Down From $0.38 YoY, Sales $59.73M Beat $53.52M Estimate
Portfolio Pulse from mahesh@benzinga.com
CareTrust REIT reported Q4 earnings of $0.36 per share, a decrease from $0.38 YoY. Sales were $59.73M, beating estimates of $53.52M and marking a 15.29% increase from last year.
February 08, 2024 | 9:32 pm
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NEUTRAL IMPACT
CareTrust REIT's Q4 earnings per share decreased to $0.36 from $0.38 YoY, but sales increased to $59.73M, beating estimates.
The decrease in earnings per share (EPS) could be viewed negatively by investors, indicating potential challenges in profitability. However, the significant beat on sales estimates and the year-over-year sales growth could offset concerns, suggesting strong revenue generation capabilities. The mixed financial performance leads to a neutral short-term impact score, as positive sales data may balance out the negative perception of decreased EPS.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100