The Ensign Group (ENSG) Tops Q4 EPS by 5c

The Ensign Group (NASDAQ: ENSG) reported Q4 EPS of $0.60, $0.05 better than the analyst estimate of $0.55. Revenue for the quarter came in at $560.2 million versus the consensus estimate of $550.47 million.

GUIDANCE:

The Ensign Group sees Q1 2020 EPS of $2.50-$2.58, versus the consensus of $2.27.

Management raised guidance for 2020, with annual earnings per share guidance to $2.50 to 2.58 per diluted share and annual revenue guidance to $2.42 billion to $2.45 billion. The midpoint of this 2020 guidance represents an increase of 30.3% over 2019 spin adjusted results, which was $1.95 per diluted share when adjusting for the full-year impact of the Pennant spin-off. Management’s guidance is based on diluted weighted average common shares outstanding of approximately 57.6 million and a 25% tax rate. In addition, the guidance assumes, among other things, normalized health insurance costs, normal anticipated Medicare and Medicaid reimbursement rate increases, net of provider taxes, and acquisitions closed in the first half of 2020. It also excludes acquisition-related costs and amortization costs related to intangible assets acquired, share-based compensation and start-up losses.

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

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