CTRE Earnings Prediction
The chart below shows how CTRE performed 10 days before and after its earnings report, based on data from the past quarters. Typically, CTRE sees a -2.89% change in stock price 10 days leading up to the earnings, and a +0.00% change 10 days following the report. On the earnings day itself, the stock moves by +0.48%. This data can give you a slight idea of what to expect for the next quarter's release.
CTRE Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
85.94M
43.86%
11.05%
Gross Margin
98.46%
-0.61%
3.09%
Operating Margin
--
--
--
Net Margin
--
--
--
EPS
0.29
38.10%
38.10%
No Data Available
CTRE Earnings Analysis
CareTrust REIT Inc Corporation (CTRE.N) Earnings Conference Call
Positive
Investment Success: CareTrust REIT successfully executed $1.5 billion in investments during 2024, reflecting a strong and consistent pipeline of activity.
Normalized FFO Increase: The company reported a significant increase in normalized FFO, which rose 68.1% year-over-year to $72.9 million, indicating strong operational performance.
Cash Flow Improvement: Normalized FAD also saw a substantial increase of 63.7% to $74.3 million, showcasing improved cash flow generation.
Normalized FFO Growth: The company achieved a normalized FFO per share growth of 11.1%, reaching $0.40 per share, which is a positive indicator of profitability.
Strong Financial Stability: CareTrust's balance sheet remains strong with a net debt to normalized EBITDA ratio of 0.5 times, demonstrating financial stability.
Strong Liquidity Position: The company has a robust liquidity position with $180 million in cash and $1.2 billion available under its new revolver, providing ample resources for future investments.
Tenant Lease Coverage Stability: CareTrust's top ten tenants have strong lease coverages, averaging 3.02 times EBITDARM, which reflects the financial health of its operators and stability of rental income.
Investment Pipeline Optimism: The company is optimistic about its investment pipeline, with approximately $325 million in potential real estate acquisitions, indicating future growth opportunities.
Negative
Earnings Miss Report: CareTrust REIT, Inc. missed earnings expectations with a reported EPS of $0.32, falling short of the anticipated $0.40.
Earnings vs. Market Expectations: Despite a significant increase in normalized FFO and FAD, the company’s overall earnings did not meet market expectations, indicating potential concerns about future performance.
Normalized FFO Guidance Concerns: The company’s guidance for normalized FFO per share is between $1.68 to $1.72, which may not be sufficient to instill confidence among investors given the previous quarter's performance.
CPI Rent Escalation Risk: The reliance on CPI rent escalations of 2.5% in their guidance may be seen as a risk, especially in a fluctuating economic environment.
Cost of Equity Increase: The company has seen an increase in the cost of equity, which could impact future financing strategies and overall growth potential.
CTRE FAQs
How does CTRE typically perform around its earnings report dates?
Is CareTrust REIT Inc (CTRE) Q4 2024 Earnings Call Summary positive or negative?
How can historical earnings data help predict future stock performance?
CTRE Earning Call Sentiment
CareTrust REIT, Inc. (NYSE:CTRE) Q4 2024 Earnings Call Transcript
CTRE.N
-0.19%Positive
The company's financial performance shows mixed signals: a missed EPS target, but strong year-over-year growth in normalized FFO and FAD. Despite raising guidance, the equity offering and concerns about regulatory uncertainty and economic factors pose risks. The Q&A revealed a cautious management stance, particularly regarding PACS. The market cap suggests moderate sensitivity to news, resulting in a neutral sentiment overall.
