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PACS Group Inc (PACS)
NYSE:PACS
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Earnings Data
Report Date
May 19, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
―Last Year’s EPS
0.38Same Quarter Last Year
Moderate Buy
Based on 3 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Aug 12, 2024
|% Change Since: -30.31%
|Next Earnings Date:May 13, 2024
Earnings Call Sentiment|Positive
The earnings call reflects strong performance with substantial revenue and EBITDA growth, high facility occupancy, and successful M&A activities. However, the negative earnings per share and high stock compensation expenses are notable drawbacks.Company Guidance
During the PACS Group's Q2 2024 earnings call, the company provided updated financial guidance for the full year, projecting annual revenue to be between $3.85 billion and $3.95 billion, which represents a 25% increase over 2023. Additionally, they expect adjusted EBITDA to range between $370 million and $380 million. Key metrics highlighted included a 29.1% increase in Q2 revenue year-over-year, reaching $981.8 million, and a 30.5% revenue increase for the first six months, totaling $1.9 billion. The company also noted a significant occupancy rate of 91%, compared to the industry average of 76%, and a robust acquisition pipeline, having added 28 new facilities in Q3. Adjusted EBITDA grew by 53.8% year-over-year for the first half of 2024, although earnings per share for the quarter were negative $0.07, impacted by stock compensation expenses related to the IPO.Strong Revenue Growth
Revenue increased by 29.1% year-over-year to $981.8 million for the quarter and by 30.5% to $1.9 billion for the first 6 months of the year.
High Facility Occupancy
Facility occupancy was 91% during the second quarter, significantly higher than the industry average of 76%.
Quality Ratings Improvement
75% of skilled nursing portfolio achieved a 4- or 5-star CMS/QM rating, with 7 buildings moving to a 4-star rating in the second quarter.
Significant Adjusted EBITDA Growth
Adjusted EBITDA grew by 53.8% year-over-year for the first 6 months, totaling $188.2 million.
Successful M&A Activity
Acquired 28 additional facilities and entered into 4 new states after the quarter, with a robust acquisition pipeline.
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PACS Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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PACS Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 07, 2024 | $19.83 | $21.33 | +7.56% |
| Aug 12, 2024 | $32.35 | $38.43 | +18.79% |
| May 13, 2024 | $25.08 | $26.91 | +7.30% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does PACS Group Inc (PACS) report earnings?
PACS Group Inc (PACS) is schdueled to report earning on May 19, 2025, TBA Not Confirmed.
What is PACS Group Inc (PACS) earnings time?
PACS Group Inc (PACS) earnings time is at May 19, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is PACS EPS forecast?
Currently, no data Available
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