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The Ensign Group (ENSG)
NASDAQ:ENSG
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Earnings Data
Report Date
Jan 30, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$1.48Last Year’s EPS
$1.28Same Quarter Last Year
Strong Buy
Based on 5 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 24, 2024
|% Change Since: -9.58%
|Next Earnings Date:Jan 30, 2025
Earnings Call Sentiment|Positive
The earnings call reflects a strong positive sentiment overall, with record financial performance, increased revenue guidance, successful integration of acquisitions, and significant growth in managed care census. While challenges in the healthcare environment and insurer claims are noted, they do not overshadow the positive results and outlook.Company Guidance
During the Ensign Group's third quarter 2024 earnings call, management provided updated financial guidance, raising the annual earnings forecast to between $5.46 and $5.52 per diluted share, up from previous estimates of $5.38 to $5.50. They also increased the annual revenue guidance to between $4.25 billion and $4.26 billion, reflecting growth from recent acquisitions and strong same-store results. Same-store occupancy grew to 81.7%, marking a 2.8% increase over the prior year, while skilled days in same-store operations increased by 6.1%, leading to a 7.3% revenue growth. The managed care census saw a notable rise of 9.1% and 23.2% in same-store and transitioning operations, respectively. The company reported GAAP diluted earnings per share of $1.34, a 20.7% increase, and adjusted diluted earnings per share of $1.39, up 15.8%, with consolidated revenues rising 15% to $1.1 billion. The company emphasized its strategic focus on organic growth, with 46% of revenue growth in the quarter attributed to organic efforts, even amidst a busy acquisition environment.Record Quarter Performance
Reported record financial and clinical performance despite integrating 53 new operations. Same-store occupancies grew to 81.7%, a 2.8% increase over the prior-year quarter, establishing a new high watermark for same-store occupancy.
Increase in Managed Care Census and Revenue Growth
Managed care census grew by 9.1% in same-store operations and 23.2% in transitioning operations over the prior-year quarter. Same-store operations saw a 7.3% revenue growth.
Financial Guidance Raised
Raising and narrowing annual 2024 earnings guidance to between $5.46 to $5.52 per diluted share, up from $5.38 to $5.50. Annual revenue guidance increased to between $4.25 billion and $4.26 billion.
Successful Acquisitions and Expansion
Acquired 12 new operations and 3 real estate assets in Q3 2024, expanding presence in Colorado, Kansas, Iowa, and Nebraska. Added 1,279 new skilled nursing beds and 20 senior living units.
Strong Financial Metrics
GAAP diluted earnings per share increased by 20.7% and adjusted diluted earnings per share increased by 15.8%. Achieved a record low lease adjusted net debt-to-EBITDA ratio of 1.88x.
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ENSG 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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ENSG Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 24, 2024 | $148.85 | $152.82 | +2.67% |
| Jul 25, 2024 | $136.11 | $142.74 | +4.87% |
| May 01, 2024 | $119.34 | $116.44 | -2.43% |
| Feb 01, 2024 | $115.19 | $120.61 | +4.71% |
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 The Ensign Group (ENSG) report earnings?
The Ensign Group (ENSG) is schdueled to report earning on Jan 30, 2025, TBA Not Confirmed.
What is The Ensign Group (ENSG) earnings time?
The Ensign Group (ENSG) earnings time is at Jan 30, 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 ENSG EPS forecast?
ENSG EPS forecast for the fiscal quarter 2024 (Q4) is $1.48.
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