Earnings Preview: CareTrust REIT
Portfolio Pulse from Benzinga Insights
CareTrust REIT (NASDAQ:CTRE) is set to release its quarterly earnings on October 29, 2024. Analysts expect an EPS of $0.38. The company has an 'Outperform' rating with a potential 7.5% upside. CareTrust REIT shows strong revenue growth and net margin but lags in return on equity.
October 28, 2024 | 5:02 pm
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CareTrust REIT is expected to announce its quarterly earnings with an EPS of $0.38. The company has an 'Outperform' rating and a potential 7.5% upside. It shows strong revenue growth and net margin but faces challenges in return on equity.
The upcoming earnings release is a significant event for CareTrust REIT, with analysts expecting an EPS of $0.38. The 'Outperform' rating and potential upside suggest positive sentiment. Strong revenue growth and net margin are favorable, but the low ROE indicates some financial challenges. Overall, the news is likely to have a positive short-term impact on the stock price.
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