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Brookdale Senior Living (BKD)
NYSE:BKD
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Earnings Data
Report Date
Feb 25, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
-$0.21Last Year’s EPS
-$0.4Same Quarter Last Year
Moderate Buy
Based on 4 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 06, 2024
|% Change Since: -20.59%
|Next Earnings Date:Feb 25, 2025
Earnings Call Sentiment|Positive
The earnings call reflects a positive outlook with significant achievements in occupancy growth, financial improvements, and strategic acquisitions. However, challenges with third-party referral sources and hurricane-related expenses pose ongoing challenges.Company Guidance
During the Brookdale Senior Living Q3 2024 earnings call, the company outlined several metrics that demonstrate its financial and operational progress. Brookdale achieved an 80 basis points sequential occupancy growth, surpassing the industry average, and generated $14 million in adjusted free cash flow, marking a significant improvement from the previous year. The company reported a 5.9% increase in RevPAR and a 15% year-over-year growth in adjusted EBITDA, reaching $92.2 million. Additionally, Brookdale expanded its Brookdale HealthPlus program to more than double the number of communities and received validation for improved clinical outcomes, including 80% fewer emergency room visits and 66% fewer hospitalizations for seniors compared to those living at home. The company also executed purchase agreements for 41 leased communities, expecting to increase annual adjusted EBITDA by approximately $33 million and improve adjusted free cash flow by $15 million annually. Fourth-quarter guidance anticipates continued occupancy growth and adjusted EBITDA between $93 million and $98 million, despite incorporating approximately $3 million in hurricane-related expenses.Occupancy Growth Above Industry Average
Brookdale achieved 80 basis points of sequential quarterly occupancy growth, outperforming the industry average despite challenges with third-party referral sources.
Significant Financial Improvements
Generated $14 million of adjusted free cash flow in Q3, significantly improving cash flow over the prior year. Adjusted EBITDA grew 15% year-over-year to $92.2 million.
Successful Emergency Response
Successfully evacuated 13 communities during Hurricane Milton, with all residents safely returning home shortly after the storm.
Strategic Acquisitions and Financial Moves
Executed purchase agreements for 41 accretive acquisitions and issued new convertible debt, improving financial flexibility and reducing future costs.
HealthPlus Program Expansion
Expanded HealthPlus program to more than double the number of communities, with clinical outcomes showing 80% fewer emergency room visits compared to seniors living at home.
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BKD 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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BKD Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 06, 2024 | $6.46 | $5.70 | -11.76% |
| Aug 08, 2024 | $7.32 | $6.81 | -6.97% |
| May 07, 2024 | $7.36 | $7.00 | -4.89% |
| Feb 20, 2024 | $6.16 | $5.50 | -10.71% |
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 Brookdale Senior Living (BKD) report earnings?
Brookdale Senior Living (BKD) is schdueled to report earning on Feb 25, 2025, TBA Not Confirmed.
What is Brookdale Senior Living (BKD) earnings time?
Brookdale Senior Living (BKD) earnings time is at Feb 25, 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 BKD EPS forecast?
BKD EPS forecast for the fiscal quarter 2024 (Q4) is -$0.21.
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