Pennant Group Inc reports results for the quarter ended June 30 - Earnings Summary

• Pennant Group Inc PNTG.OQ reported quarterly adjusted earnings of 27 cents​​ per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of 24 cents. The mean expectation of five analysts for the quarter was for earnings of 27 cents per share. Wall Street expected results to range from 25 cents to 29 cents per share.

• Revenue rose 30.1% to $219.50 million from a year ago; analysts expected $210.59 million.

• Pennant Group Inc's reported EPS for the quarter was 20 cents​.

• The company reported quarterly net income of $7.09 million.

• Pennant Group Inc shares had fallen by 25.7% this quarter and lost 16.3% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 0.9% in the last three months.​

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy," 2 "hold" and no "sell" or "strong sell." The average consensus recommendation for the healthcare facilities & services peer group is also "buy"

• Wall Street's median 12-month price target for Pennant Group Inc is $33.00, about 32.8% above its last closing price of $22.19

This summary was machine generated from LSEG data August 6 at 09:02 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)