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CareTrust REIT (CTRE) Q4 Earnings: How Key Metrics Compare to Wall Street Estimates
CareTrust REIT (CTRE - Free Report) reported $59.73 million in revenue for the quarter ended December 2023, representing a year-over-year increase of 15.3%. EPS of $0.36 for the same period compares to $0.15 a year ago.
The reported revenue represents a surprise of +8.29% over the Zacks Consensus Estimate of $55.16 million. With the consensus EPS estimate being $0.36, the company has not delivered EPS surprise.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how CareTrust REIT performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Revenues- Rental income: $53.47 million versus $50.71 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a +12.2% change.
- Interest and other income: $6.26 million versus $4.28 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a +51.4% change.
- Net Earnings Per Share (Diluted): $0.22 versus the three-analyst average estimate of $0.24.
View all Key Company Metrics for CareTrust REIT here>>>Shares of CareTrust REIT have returned -4.6% over the past month versus the Zacks S&P 500 composite's +5.1% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term.