Ensign Group's (ENSG) Q4 Earnings Top Estimates, Surge Y/Y
Zacks Investment Research | Feb 07, 2019 10:05PM ET
The Ensign Group, Inc (NASDAQ:ENSG) delivered adjusted operating earnings of 52 cents per share, beating the Zacks Consensus Estimate by 10.6%. Moreover, the metric soared 53% year over year. The upside is mainly driven by segmental performances.
Net income for the quarter under review was $26 million, up 135.3% year over year.
Operational Update
Total revenues of $538 million increased 10.2% year over year in the reported quarter and also beat the Zacks Consensus Estimate by 2.3%. This upside was backed by solid segmental performances.
Total Transitional and Skilled Services segment income was $55.2 million for the quarter under consideration, up 38.2% from the prior-year period.
Total Assisted and Independent Living Services segment’s revenues were up 12.9% year over year to $40.5 million.
Segmental revenues at Total Home Health and Hospice Services were up 11.3% to $44.2 million.
Total expenses rose 9% year over year to $503 million due to higher cost of services plus general and administrative expenses.
The Ensign Group, Inc. Price, Consensus and EPS Surprise
Original post
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.