Pennant Group Inc reports results for the quarter ended in September 30 - Earnings Summary

Pennant group

07/11/2024 05:18

* Pennant Group Inc  PNTG.OQ  reported quarterly adjusted
earnings
of 26 cents​​ per share for the quarter ended September 30,
higher than the same quarter last year, when the company
reported EPS of 20 cents.  The mean expectation of four analysts
for the quarter was for earnings of 23 cents per share. Wall
Street expected results to range from 22 cents to 24 cents per
share.
    * Revenue rose 28.9% to $180.69 million from a year ago;
analysts
expected $174.52 million. 
    * Pennant Group Inc's reported EPS for the quarter was 20
cents​.
    * The company reported quarterly net income of $6.21
million.
    * Pennant Group Inc shares had fallen by 7.2% this
quarter and
gained 137.9% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 2.1%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 3 "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the healthcare
facilities & services peer group is also "buy"

Wall Street's median 12-month price target for Pennant Group Inc
is $38.00 
This summary was machine generated from LSEG data November 7 at
05:18 a.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2024      0.23           0.26           Beat
 Jun. 30 2024      0.22           0.24           Beat
 Mar. 31 2024      0.17           0.20           Beat
 Dec. 31 2023      0.22           0.22           Met