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Dec 31, 2020
Ensign Group Q4 2020 Earnings Report
Ensign Group reported record operating results, with GAAP diluted earnings per share of $0.82 and adjusted earnings per share of $0.80 for Q4 2020.
Key Takeaways
The Ensign Group reported record operating results for the fourth quarter of 2020, with GAAP diluted earnings per share of $0.82 and adjusted earnings per share of $0.80. The company saw improvements in patient volumes and skilled mix, and is confident in its ability to perform well despite the ongoing pandemic.
GAAP diluted earnings per share for the quarter was $0.82, representing an increase of 67.3% over the prior year quarter.
Adjusted diluted earnings per share for the quarter was $0.80, an increase of 33.3% over the prior year quarter.
Transitioning and skilled services revenue was $603 million for the quarter, an increase of 13.8% over the prior year quarter.
Real estate segment income was $8.7 million for the quarter, an increase of 73.5% from the prior year quarter.
Revenue by Segment
Forward Guidance
Management reaffirmed its guidance for 2021, with annual earnings per share guidance of $3.44 to $3.56 per diluted share and annual revenue guidance of $2.62 billion to $2.69 billion.
Positive Outlook
- Positive impact of the vaccination efforts
- Enormous upside in newly acquired operations
- Opportunistic acquisitions on the horizon
- Operations are primed to rebuild occupancies
- Continue to gain additional market share as a result of the deepened relationships with acute care providers and other healthcare partners
Historical Earnings Impact
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Avg. Return Before/After Earnings
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