Earnings Preview: CareTrust REIT

CareTrust REIT (NASDAQ:CTRE) is preparing to release its quarterly earnings on Tuesday, 2024-10-29. Here's a brief overview of what investors should keep in mind before the announcement.

Analysts expect CareTrust REIT to report an earnings per share (EPS) of $0.38.

Investors in CareTrust REIT are eagerly awaiting the company's announcement, hoping for news of surpassing estimates and positive guidance for the next quarter.

It's worth noting for new investors that stock prices can be heavily influenced by future projections rather than just past performance.

Overview of Past Earnings

The company's EPS missed by $0.00 in the last quarter, leading to a 0.81% increase in the share price on the following day.

Here's a look at CareTrust REIT's past performance and the resulting price change:

Quarter

Q2 2024

Q1 2024

Q4 2023

Q3 2023

EPS Estimate

0.36

0.37

EPS Actual

0.36

0.35

0.36

0.35

Price Change %

1.0%

-1.0%

7.000000000000001%

3.0%

Analysts' Perspectives on CareTrust REIT

For investors, staying informed about market sentiments and expectations in the industry is paramount. This analysis provides an exploration of the latest insights on CareTrust REIT.

The consensus rating for CareTrust REIT is Outperform, based on 4 analyst ratings. With an average one-year price target of $33.25, there's a potential 7.5% upside.

Comparing Ratings with Peers

In this analysis, we delve into the analyst ratings and average 1-year price targets of Sabra Health Care REIT, American Healthcares and National Health Investors, three ...