The Pennant Group (PNTG) Q3 Earnings Report Preview: What To Look For

Senior living provider The Pennant Group (NASDAQ:PNTG) will be announcing earnings results this Wednesday after market hours. Here’s what you need to know.

The Pennant Group beat analysts’ revenue expectations by 4.2% last quarter, reporting revenues of $219.5 million, up 30.1% year on year. It was a very strong quarter for the company, with an impressive beat of analysts’ full-year EPS guidance estimates and a solid beat of analysts’ revenue estimates.

Is The Pennant Group a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.

This quarter, analysts are expecting The Pennant Group’s revenue to grow 23% year on year to $222.3 million, slowing from the 28.9% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.29 per share.

Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. The Pennant Group has a history of exceeding Wall Street’s expectations, beating revenue estimates every single time over the past two years by 4.8% on average.

Looking at The Pennant Group’s peers in the senior health, home health & hospice segment, some have already reported their Q3 results, giving us a hint as to what we can expect. BrightSpring Health Services delivered year-on-year revenue growth of 14.7%, beating analysts’ expectations by 5.3%, and Addus HomeCare reported revenues up 25%, topping estimates by 2.2%. BrightSpring Health Services’s stock price was unchanged following the results.

Read our full analysis of BrightSpring Health Services’s results here and Addus HomeCare’s results here.

Investors in the senior health, home health & hospice segment have had steady hands going into earnings, with share prices flat over the last month. The Pennant Group is down 3.7% during the same time and is heading into earnings with an average analyst price target of $33 (compared to the current share price of $24.58).

The biggest winners—Microsoft, Alphabet, Coca-Cola, Monster Beverage—were all riding powerful megatrends before Wall Street caught on. We’ve just identified an under-the-radar profitable growth stock positioned at the center of the AI boom. Get it FREE here before the crowd discovers it. GO HERE NOW.

StockStory is growing and hiring equity analyst and marketing roles. Are you a 0 to 1 builder passionate about the markets and AI? See the open roles here.