Ensign Group's (ENSG) Q2 Earnings Beat Estimates, Rise Y/Y
Zacks Investment Research | Aug 01, 2019 11:31PM ET
The Ensign Group, Inc (NASDAQ:ENSG) delivered adjusted operating earnings of 51 cents per share in second-quarter 2019, beating the Zacks Consensus Estimate by 2%. Moreover, the metric improved 24.4% year over year on the back of higher revenues.
Also, adjusted net income in the quarter under review was $30.3 million, up 27.8% from the prior-year quarter
Operational Update
Total revenues of $575 million increased 14% year over year in the reported quarter. This upside was driven by solid segmental performances at Transitional and skilled services, Senior living services and Home health and hospice services. Moreover, the metric beat the Zacks Consensus Estimate by 0.5%.
Total Transitional and Skilled Services segment income was $56.7 million for the quarter under consideration, up 31.1% from the prior-year period.
Total Home Health and Hospice Services segment’s revenues rose 21.7% year over year to $50.2 million. Segment income for the same was up 16.6% year over year.
Total expenses escalated 15.8% year over year to $537 million due to higher cost of services plus general and administrative expenses.
Get The News You Want
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.