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Mar 31, 2022
Ensign Group Q1 2022 Earnings Report
Ensign Group reported Q1 2022 results with increased revenue and earnings per share.
Key Takeaways
Ensign Group reported a strong first quarter in 2022, with a 13.5% increase in consolidated GAAP revenues and adjusted revenues to $713.4 million. GAAP diluted earnings per share increased by 3.5% to $0.89, while adjusted diluted earnings per share increased by 13.8% to $0.99.
GAAP diluted earnings per share increased by 3.5% year-over-year to $0.89.
Adjusted diluted earnings per share increased by 13.8% year-over-year to $0.99.
Consolidated GAAP revenues and adjusted revenues increased by 13.5% year-over-year to $713.4 million.
Total skilled services revenue increased by 14.3% year-over-year to $686.8 million.
Revenue by Segment
Forward Guidance
The company reaffirmed its annual 2022 earnings guidance of $4.01 to $4.13 per diluted share and annual revenue guidance of $2.93 billion to $2.98 billion.
Positive Outlook
- Annual 2022 earnings guidance of $4.01 to $4.13 per diluted share reaffirmed.
- Annual revenue guidance of $2.93 billion to $2.98 billion reaffirmed.
- New midpoint of 2022 earnings guidance represents an increase of 12% over 2021 results.
- Midpoint of 2022 earnings guidance is 30% higher than 2020 results.
- Company expects to continue its track record throughout 2022 and beyond.
Challenges Ahead
- Change could lead to some near-term quarterly fluctuations.
- Evolving reimbursement environment.
- Staffing challenges.
- Inflationary pressures.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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