Community Healthcare Q3 2024 FFO $0.55 Beats $0.46 Estimate, Sales $29.639M Beat $29.527M Estimate
Portfolio Pulse from Benzinga Newsdesk
Community Healthcare (NYSE:CHCT) reported Q3 2024 earnings of $0.55 per share, surpassing the $0.46 estimate, despite a 12.7% decrease from last year. Sales were $29.639M, slightly above the $29.527M estimate, marking a 3.15% increase from the previous year.
October 29, 2024 | 8:35 pm
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Community Healthcare's Q3 2024 earnings per share of $0.55 exceeded expectations by 19.57%, despite a year-over-year decline. Sales also surpassed estimates, showing a modest increase from last year.
The earnings per share significantly exceeded analyst expectations, which is typically a positive indicator for stock performance. Although there was a year-over-year decline in EPS, the market often reacts more to performance against expectations. The slight sales beat also supports a positive outlook.
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