Pennant Group Q2 revenue beats estimates on home health and hospice growth

Pennant group

05/08/2026 21:44

Overview
US home health and senior care provider's Q2 revenue rose 36%, beating analyst expectations
Adjusted EPS for Q2 beat analyst expectations
Company raised 2026 guidance for revenue, adjusted EPS, and adjusted EBITDA

Outlook
Pennant Group raises 2026 revenue guidance to $1.171 bln-$1.190 bln
Company sees 2026 adj EPS at $1.34-$1.41
Pennant expects 2026 adj EBITDA of $94.4 mln-$98.0 mln

Result Drivers
HOME HEALTH AND HOSPICE GROWTH - Q2 revenue in this segment rose 43% year-over-year, driven by a 62% increase in total home health admissions and a 40% rise in hospice average daily census
RECENT ACQUISITIONS - Integration of newly acquired operations, particularly in the southeast, contributed to revenue growth, with management noting the process is ahead of expectations
SENIOR LIVING IMPROVEMENTS - Senior living services revenue rose 13% year-over-year, supported by higher occupancy and increased average monthly revenue per occupied room

Company press release: ID:nGNX27BXZk

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Beat
$298 mln
$288.71 mln (7 Analysts)
Q2 Adjusted EPS
Beat
$0.36
$0.33 (7 Analysts)
Q2 EPS
 
$0.25
 
Q2 Net Income
 
$9.08 mln
 

Analyst Coverage
The current average analyst rating on the shares is "strong buy" and the breakdown of recommendations is 7 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"
The average consensus recommendation for the healthcare facilities & services peer group is "buy."
Wall Street's median 12-month price target for The Pennant Group, Inc. is $43.50, about 12.7% above its August 4 closing price of $38.61
The stock recently traded at 26 times the next 12-month earnings vs. a P/E of 22 three months ago

Reuters Recommended Reads
Aug 3 - Addus HomeCare Q2 adjusted profit beats estimates
Aug 4 - Canada's Sienna Senior Living Q2 revenue rises on acquisitions and occupancy growth
Aug 3 - Sabra Health Care REIT reiterates 2026 guidance as senior housing NOI rises

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)