CareTrust Historical Income Statement
CTRE Stock | USD 25.17 0.24 0.96% |
Historical analysis of CareTrust REIT income statement accounts such as Interest Expense of 26.9 M, Selling General Administrative of 14.6 M or Total Revenue of 139.8 M can show how well CareTrust REIT performed in making a profits. Evaluating CareTrust REIT income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of CareTrust REIT's future profits or losses.
Financial Statement Analysis is much more than just reviewing and examining CareTrust REIT latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether CareTrust REIT is a good buy for the upcoming year.
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About CareTrust Income Statement Analysis
CareTrust REIT Income Statement consists of revenues and expenses along with the resulting net income or loss. It represents the profit for the accounting period attributable to CareTrust REIT shareholders. The income statement also shows CareTrust investors and management if the firm made money during the period reported. The result of an income statement is the net income that is calculated after subtracting the expenses from revenue. It is essential to investors both as an absolute measure as well as earnings per share (i.e., EPS).
CareTrust REIT Income Statement Chart
CareTrust REIT Income Statement is one of the three primary financial statements used for reporting CareTrust's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of CareTrust REIT revenue and expense. CareTrust REIT Income Statement primarily focuses on the company's revenues and expenses during a particular period.
At present, CareTrust REIT's Income Tax Expense is projected to increase significantly based on the last few years of reporting. The current year's Net Income From Continuing Ops is expected to grow to about 82.3 M, whereas Interest Expense is forecasted to decline to about 26.9 M. Add Fundamental
Interest Expense
The cost incurred by an entity for borrowed funds, including loans, bonds, or lines of credit.Total Revenue
Total revenue comprises all receipts CareTrust REIT generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.Gross Profit
Gross profit is a required income statement account that reflects total revenue of CareTrust REIT minus its cost of goods sold. It is profit before CareTrust REIT operating expenses, interest payments and taxes. Gross profit is also known as gross margin. The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.Other Operating Expenses
Other Operating Expenses is the expense which generally does not depend on sales or production quantities of CareTrust REIT. It is also known as CareTrust REIT overhead expenses. Typically these expenses include marketing, rent and utilities, office, leases, and other overhead cost. Expenses incurred from non-core business activities, including administrative and general expenses, but excluding costs directly related to production.Most accounts from CareTrust REIT's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into CareTrust REIT current financial condition. On the other hand, looking into the entire matrix of income statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in CareTrust REIT. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in metropolitan statistical area. For information on how to trade CareTrust Stock refer to our How to Trade CareTrust Stock guide.At present, CareTrust REIT's Income Tax Expense is projected to increase significantly based on the last few years of reporting. The current year's Net Income From Continuing Ops is expected to grow to about 82.3 M, whereas Interest Expense is forecasted to decline to about 26.9 M.
2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 23.7M | 30.0M | 40.9M | 26.9M | Depreciation And Amortization | 55.4M | 50.4M | 50.9M | 43.1M |
CareTrust REIT income statement Correlations
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CareTrust REIT Account Relationship Matchups
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CareTrust REIT income statement Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Depreciation And Amortization | 51.9M | 52.8M | 55.4M | 50.4M | 50.9M | 43.1M | |
Interest Expense | 28.1M | 23.7M | 23.7M | 30.0M | 40.9M | 26.9M | |
Selling General Administrative | 15.2M | 16.3M | 26.9M | 20.2M | 21.8M | 14.6M | |
Total Revenue | 159.1M | 175.7M | 190.2M | 187.5M | 198.6M | 139.8M | |
Gross Profit | 153.1M | 171.0M | 186.6M | 178.1M | 189.0M | 130.6M | |
Other Operating Expenses | 74.0M | 73.8M | 85.8M | 83.7M | 82.6M | 68.3M | |
Operating Income | 89.4M | 104.6M | 106.6M | 112.4M | 163.9M | 172.1M | |
Ebit | 89.4M | 104.6M | 106.6M | 112.4M | 135.5M | 75.4M | |
Ebitda | 141.3M | 157.4M | 162.0M | 162.8M | 186.4M | 118.5M | |
Cost Of Revenue | 5.9M | 4.7M | 3.6M | 9.4M | 9.6M | 6.7M | |
Total Operating Expenses | 68.1M | 69.1M | 82.2M | 74.3M | 73.0M | 59.1M | |
Income Before Tax | 46.4M | 80.9M | 72.0M | (7.5M) | 53.7M | 33.0M | |
Total Other Income Expense Net | (43.0M) | (23.7M) | (34.6M) | (119.9M) | (40.6M) | (38.5M) | |
Net Income Applicable To Common Shares | 46.4M | 80.9M | 72.0M | (7.5M) | (8.6M) | (8.2M) | |
Net Income | 18.2M | 57.2M | 48.3M | 42.9M | 53.7M | 30.7M | |
Income Tax Expense | 28.1M | 23.7M | 23.7M | (50.4M) | 41.2M | 43.3M | |
Net Income From Continuing Ops | 284.0M | 80.9M | 72.0M | (7.5M) | 53.7M | 82.3M | |
Interest Income | 4.3M | 2.6M | 2.2M | 8.6M | 19.2M | 20.1M | |
Net Interest Income | (23.8M) | (21.0M) | (21.5M) | (21.4M) | (21.7M) | (22.8M) | |
Non Operating Income Net Other | 1.8M | (37K) | (10.9M) | (10.9M) | (9.8M) | (9.3M) | |
Reconciled Depreciation | 51.9M | 52.8M | 55.4M | 50.4M | 50.9M | 54.4M |
CareTrust REIT Investors Sentiment
The influence of CareTrust REIT's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in CareTrust. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.
Investor biases related to CareTrust REIT's public news can be used to forecast risks associated with an investment in CareTrust. The trend in average sentiment can be used to explain how an investor holding CareTrust can time the market purely based on public headlines and social activities around CareTrust REIT. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
CareTrust REIT's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for CareTrust REIT's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average CareTrust REIT's news discussions. The higher the estimated score, the more favorable is the investor's outlook on CareTrust REIT.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards CareTrust REIT in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, CareTrust REIT's short interest history, or implied volatility extrapolated from CareTrust REIT options trading.
Pair Trading with CareTrust REIT
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if CareTrust REIT position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in CareTrust REIT will appreciate offsetting losses from the drop in the long position's value.Moving against CareTrust Stock
0.85 | ROIC | Retail Opportunity | PairCorr |
0.76 | DOUG | Douglas Elliman Earnings Call This Week | PairCorr |
0.72 | ELS | Equity Lifestyle Pro Financial Report 15th of July 2024 | PairCorr |
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0.67 | HR | Healthcare Realty Trust Earnings Call This Week | PairCorr |
The ability to find closely correlated positions to CareTrust REIT could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace CareTrust REIT when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back CareTrust REIT - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling CareTrust REIT to buy it.
The correlation of CareTrust REIT is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as CareTrust REIT moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if CareTrust REIT moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for CareTrust REIT can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in CareTrust REIT. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in metropolitan statistical area. For information on how to trade CareTrust Stock refer to our How to Trade CareTrust Stock guide.You can also try the Efficient Frontier module to plot and analyze your portfolio and positions against risk-return landscape of the market..
Complementary Tools for CareTrust Stock analysis
When running CareTrust REIT's price analysis, check to measure CareTrust REIT's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy CareTrust REIT is operating at the current time. Most of CareTrust REIT's value examination focuses on studying past and present price action to predict the probability of CareTrust REIT's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move CareTrust REIT's price. Additionally, you may evaluate how the addition of CareTrust REIT to your portfolios can decrease your overall portfolio volatility.
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Is CareTrust REIT's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of CareTrust REIT. If investors know CareTrust will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about CareTrust REIT listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.449 | Dividend Share 1.12 | Earnings Share 0.51 | Revenue Per Share 2.055 | Quarterly Revenue Growth 0.153 |
The market value of CareTrust REIT is measured differently than its book value, which is the value of CareTrust that is recorded on the company's balance sheet. Investors also form their own opinion of CareTrust REIT's value that differs from its market value or its book value, called intrinsic value, which is CareTrust REIT's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because CareTrust REIT's market value can be influenced by many factors that don't directly affect CareTrust REIT's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between CareTrust REIT's value and its price as these two are different measures arrived at by different means. Investors typically determine if CareTrust REIT is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, CareTrust REIT's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.