CareTrust REIT (CTRE) Misses Q1 EPS by 3c, provides guidance

CareTrust REIT (NASDAQ: CTRE) reported Q1 EPS of $0.22, $0.03 worse than the analyst estimate of $0.25. Revenue for the quarter came in at $63.07 million versus the consensus estimate of $55.58 million.

Guidance Updated:

The Company updated guidance for 2024, with Mr. Wagner projecting on a per-diluted weighted-average common share basis net income of approximately $1.01 to $1.03, versus the consensus of $1.08 and normalized FFO of approximately $1.42 to $1.44, and normalized FAD of approximately $1.46 to $1.48. He noted that the 2024 guidance is based on a diluted weighted-average common share count of 140.0 million shares, and assumes the following:

For earnings history and earnings-related data on CareTrust REIT (CTRE) click here.

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