Loading...
•
Dec 31, 2021
Ensign Group Q4 2021 Earnings Report
Ensign Group reported record adjusted EPS and revenue growth, driven by strong occupancy and skilled revenue improvements despite pandemic-related challenges.
Key Takeaways
The Ensign Group reported Q4 2021 results with GAAP diluted EPS of $0.86 and a record adjusted EPS of $0.97. Consolidated GAAP revenues increased. The company issued 2022 earnings guidance of $4.01 to $4.13 per diluted share and revenue guidance of $2.93 billion to $2.98 billion.
GAAP diluted earnings per share for the quarter was $0.86, representing an increase of 4.9% over the prior year quarter.
Adjusted diluted earnings per share for the quarter was $0.97, an increase of 21.3% over the prior year quarter.
Total skilled services segment income increased to $100.2 million, or 19.1% over the prior year quarter.
Same store and transitioning occupancy increased by 3.0% and 6.8%, respectively, from prior year quarter.
Revenue by Segment
Forward Guidance
The company issued 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
- New midpoint of 2022 earnings guidance represents an increase of 12% over 2021 results.
- The new midpoint of 2022 earnings guidance is 30% higher than 2020 results.
- Company is confident that teams will continue to manage and innovate through all the lingering challenges on the labor front.
- The company is well-positioned to continue positive operational momentum.
- Anticipates strength of front-line professionals will allow them to become better clinically and operationally than ever before.
Challenges Ahead
- Continued challenges related to the pandemic.
- Accompanying disruption in the labor markets.
- Delta surge in the early part of the quarter.
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...