Advertisement
Australia markets closed
  • ALL ORDS

    8,007.10
    +47.60 (+0.60%)
     
  • ASX 200

    7,745.60
    +46.90 (+0.61%)
     
  • AUD/USD

    0.6530
    +0.0029 (+0.45%)
     
  • OIL

    79.78
    +1.52 (+1.94%)
     
  • GOLD

    2,092.30
    +37.60 (+1.83%)
     
  • Bitcoin AUD

    95,737.83
    +1,558.14 (+1.65%)
     
  • CMC Crypto 200

    885.54
    0.00 (0.00%)
     
  • AUD/EUR

    0.6024
    +0.0014 (+0.23%)
     
  • AUD/NZD

    1.0688
    +0.0012 (+0.11%)
     
  • NZX 50

    11,744.39
    +2.92 (+0.02%)
     
  • NASDAQ

    18,302.91
    +259.06 (+1.44%)
     
  • FTSE

    7,682.50
    +52.48 (+0.69%)
     
  • Dow Jones

    39,087.38
    +90.99 (+0.23%)
     
  • DAX

    17,735.07
    +56.88 (+0.32%)
     
  • Hang Seng

    16,589.44
    +78.00 (+0.47%)
     
  • NIKKEI 225

    39,910.82
    +744.63 (+1.90%)
     

Community Healthcare Trust (CHCT) Q3 Earnings: Taking a Look at Key Metrics Versus Estimates

For the quarter ended September 2023, Community Healthcare Trust (CHCT) reported revenue of $28.74 million, up 15.8% over the same period last year. EPS came in at $0.63, compared to $0.21 in the year-ago quarter.

The reported revenue represents a surprise of -0.12% over the Zacks Consensus Estimate of $28.77 million. With the consensus EPS estimate being $0.63, the company has not delivered EPS surprise.

While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.

As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.

Here is how Community Healthcare Trust performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:

  • Revenues- Rental income: $27.69 million compared to the $27.41 million average estimate based on three analysts. The reported number represents a change of +15.8% year over year.

  • Revenues- Other operating interest: $1.05 million versus the three-analyst average estimate of $1.06 million. The reported number represents a year-over-year change of +17.7%.

  • Net Earnings Per Share (Diluted): $0.11 versus $0.23 estimated by three analysts on average.

View all Key Company Metrics for Community Healthcare Trust here>>>

Shares of Community Healthcare Trust have returned -2.9% over the past month versus the Zacks S&P 500 composite's -2.8% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report

Community Healthcare Trust Incorporated (CHCT) : Free Stock Analysis Report

To read this article on Zacks.com click here.

Zacks Investment Research