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Pennant Group Inc (PNTG)
NASDAQ:PNTG
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Earnings Data
Report Date
Feb 20, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
0.24Last Year’s EPS
0.22Same Quarter Last Year
Moderate Buy
Based on 4 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Mar 04, 2020
|% Change Since: -17.09%
|Next Earnings Date:Nov 12, 2019
Earnings Call Sentiment|Positive
The earnings call reflected strong financial performance with significant revenue and EBITDA growth, successful acquisitions, and improved operational metrics across segments. However, ongoing regulatory challenges and reimbursement pressures present notable hurdles.Company Guidance
During the Q3 2024 earnings call for the Pennant Group, Brent Guerisoli, the CEO, provided guidance that reflects continued strong performance and growth. The company reported consolidated revenue of $180.7 million for the quarter, an increase of 28.9% compared to the previous year, with adjusted EBITDA rising by 39.2% to $15.1 million. Adjusted earnings per share also grew by 30% to $0.26. For the full year, the company raised its guidance, anticipating total revenue between $665.3 million and $706.5 million, an adjusted EBITDA of $51.9 million to $55.2 million, and adjusted earnings per share between $0.90 and $0.96. The company attributed this success to its focus on leadership development, clinical excellence, and strategic growth, alongside a follow-on equity offering and zero debt position, which enhances their capital for future acquisitions.Record-Breaking Revenue and Growth
Q3 consolidated revenue of $180.7 million, a 28.9% increase over the prior year quarter. Adjusted EBITDA grew to $15.1 million, a 39.2% increase.
Home Health and Hospice Segment Growth
Quarterly revenues of $135.7 million, a 33.7% increase. Segment adjusted EBITDA increased by 37.5%.
Senior Living Occupancy Improvement
Senior Living segment revenue of $45 million, up 16.3%. Same-store occupancy grew to 80.2%.
Strong Clinical Outcomes
73.5% of home health agencies with a star rating of four and above. Acute care hospitalization rate of 13.3% below the national average.
Successful Equity Offering
Post-quarter equity offering generated significant capital, reducing debt to 0 and providing resources for future growth.
Raising Annual Guidance
Increased full-year revenue guidance to $665.3 million to $706.5 million, a 28.5% increase over 2023.
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PNTG 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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PNTG Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 06, 2024 | $33.12 | $32.00 | -3.38% |
| Aug 06, 2024 | $28.60 | $28.07 | -1.85% |
| May 06, 2024 | $21.57 | $20.91 | -3.06% |
| Feb 28, 2024 | $16.88 | $18.65 | +10.49% |
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 Pennant Group Inc (PNTG) report earnings?
Pennant Group Inc (PNTG) is schdueled to report earning on Feb 20, 2025, TBA Not Confirmed.
What is Pennant Group Inc (PNTG) earnings time?
Pennant Group Inc (PNTG) earnings time is at Feb 20, 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 PNTG EPS forecast?
PNTG EPS forecast for the fiscal quarter 2024 (Q4) is 0.24.
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