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Here's What Key Metrics Tell Us About The Pennant Group, Inc. (PNTG) Q3 Earnings
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The Pennant Group, Inc. (PNTG - Free Report) reported $140.19 million in revenue for the quarter ended September 2023, representing a year-over-year increase of 18.5%. EPS of $0.20 for the same period compares to $0.14 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $131.18 million, representing a surprise of +6.87%. The company delivered an EPS surprise of +5.26%, with the consensus EPS estimate being $0.19.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how The Pennant Group, Inc. performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Revenue- Senior living services: $38.72 million compared to the $36.88 million average estimate based on three analysts. The reported number represents a change of +18.9% year over year.
Revenue- Total home health and hospice services: $101.47 million versus the three-analyst average estimate of $95.53 million. The reported number represents a year-over-year change of +18.3%.
Revenue- Home health and hospice services- Hospice: $50.37 million versus the two-analyst average estimate of $47.08 million.
Revenue- Home health and hospice services- Home care and other: $6.18 million versus $6.04 million estimated by two analysts on average.
Revenue- Home health and hospice services- Home health: $44.92 million compared to the $42.63 million average estimate based on two analysts.
Shares of The Pennant Group, Inc. have returned +6.4% over the past month versus the Zacks S&P 500 composite's +1.5% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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Here's What Key Metrics Tell Us About The Pennant Group, Inc. (PNTG) Q3 Earnings
The Pennant Group, Inc. (PNTG - Free Report) reported $140.19 million in revenue for the quarter ended September 2023, representing a year-over-year increase of 18.5%. EPS of $0.20 for the same period compares to $0.14 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $131.18 million, representing a surprise of +6.87%. The company delivered an EPS surprise of +5.26%, with the consensus EPS estimate being $0.19.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how The Pennant Group, Inc. performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Revenue- Senior living services: $38.72 million compared to the $36.88 million average estimate based on three analysts. The reported number represents a change of +18.9% year over year.
- Revenue- Total home health and hospice services: $101.47 million versus the three-analyst average estimate of $95.53 million. The reported number represents a year-over-year change of +18.3%.
- Revenue- Home health and hospice services- Hospice: $50.37 million versus the two-analyst average estimate of $47.08 million.
- Revenue- Home health and hospice services- Home care and other: $6.18 million versus $6.04 million estimated by two analysts on average.
- Revenue- Home health and hospice services- Home health: $44.92 million compared to the $42.63 million average estimate based on two analysts.
View all Key Company Metrics for The Pennant Group, Inc. here>>>Shares of The Pennant Group, Inc. have returned +6.4% over the past month versus the Zacks S&P 500 composite's +1.5% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.