CareTrust REIT Q2 2024 FFO $0.36, Inline, Sales $68.891M Beat $54.220M Estimate
Portfolio Pulse from Benzinga Newsdesk
CareTrust REIT (NASDAQ:CTRE) reported Q2 2024 earnings per share of $0.36, meeting analyst expectations. The company also reported sales of $68.891 million, surpassing the analyst estimate of $54.220 million by 27.06%, and marking a 33.63% increase from the same period last year.
August 02, 2024 | 7:42 am
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CareTrust REIT reported Q2 2024 earnings per share of $0.36, in line with analyst expectations. The company also reported sales of $68.891 million, beating the analyst estimate by 27.06% and showing a 33.63% year-over-year increase.
The inline earnings per share and significant sales beat, along with a strong year-over-year sales increase, are likely to positively impact CTRE's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100