CareTrust REIT Q3 FFO $0.38, Inline, Sales $77.38M Beat $56.70M Estimate
Portfolio Pulse from Benzinga Newsdesk
CareTrust REIT reported Q3 earnings per share of $0.38, meeting analyst expectations, and sales of $77.38 million, significantly beating estimates. This represents an 8.57% increase in EPS and a 38.48% increase in sales compared to the same period last year.
October 29, 2024 | 8:18 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
CareTrust REIT's Q3 earnings per share of $0.38 met expectations, while sales of $77.38 million significantly exceeded estimates, indicating strong financial performance.
The company's earnings per share met expectations, which is neutral, but the significant beat in sales estimates and year-over-year growth in both EPS and sales suggest positive market sentiment and potential upward movement in stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100