The Ensign Group, Inc. (ENSG) Tops Q3 EPS by 1c; Raises FY11 EPS Outlook
The Ensign Group, Inc. (NASDAQ: ENSG) reported Q3 EPS of $0.62, $0.01 better than the analyst estimate of $0.61. Revenue for the quarter came in at $196.3 million versus the consensus estimate of $199.15 million.
Same-store occupancy was 82.3%, with a sequential 133 basis point increase in assisted living occupancy and a 20 basis point decline in skilled nursing occupancy, due primarily to temporary vacancies created by significant renovation and repositioning activities in four skilled nursing facilities.
The Ensign Group, Inc. sees FY2011 EPS of $2.25-$2.30, versus the consensus of $2.22.
Same-store occupancy was 82.3%, with a sequential 133 basis point increase in assisted living occupancy and a 20 basis point decline in skilled nursing occupancy, due primarily to temporary vacancies created by significant renovation and repositioning activities in four skilled nursing facilities.
The Ensign Group, Inc. sees FY2011 EPS of $2.25-$2.30, versus the consensus of $2.22.