The Ensign Group (NASDAQ: ENSG) reported Q2 EPS of $0.31, $0.05 worse than the analyst estimate of $0.36. Revenue for the quarter came in at $448.3 million versus the consensus estimate of $443.43 million.

2017 Guidance

Management reaffirmed its 2017 annual revenue guidance of $1.76 billion to $1.80 billion and annual earnings per share guidance of $1.46 to $1.53 per diluted share. Management’s guidance is based on diluted weighted average common shares outstanding of 53.7 million and a 35.5% tax rate, both of which reflect the impact of ASU 2016-09. In addition, the guidance assumes, among other things, normalized health insurance costs, anticipated Medicare and Medicaid reimbursement rate increases net of provider taxes and acquisitions closed to date. It also excludes acquisition-related costs and amortization costs related to intangible assets acquired, share-based compensation, costs incurred from closed operations, costs incurred to recognize income tax credits and costs incurred for facilities currently being constructed and other start-up operations.

Conference Call

GUIDANCE:

The Ensign Group sees FY2017 EPS of $1.46-$1.53. The Ensign Group sees FY2017 revenue of $1.76-1.8 billion.

For earnings history and earnings-related data on The Ensign Group (ENSG) click here.