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The Ensign Group (ENSG) Reports Q3: Everything You Need To Know Ahead Of Earnings

ENSG Cover Image

Healthcare services company The Ensign Group (NASDAQ: ENSG). will be announcing earnings results this Monday afternoon. Here’s what to expect.

The Ensign Group beat analysts’ revenue expectations by 0.7% last quarter, reporting revenues of $1.23 billion, up 18.5% year on year. It was a strong quarter for the company, with full-year revenue guidance beating analysts’ expectations and a narrow beat of analysts’ full-year EPS guidance estimates.

Is The Ensign Group a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.

This quarter, analysts are expecting The Ensign Group’s revenue to grow 18.3% year on year to $1.28 billion, improving from the 15% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $1.61 per share.

The Ensign Group Total Revenue

Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. The Ensign Group has a history of exceeding Wall Street’s expectations, beating revenue estimates every single time over the past two years by 0.6% on average.

Looking at The Ensign Group’s peers in the healthcare providers & services segment, some have already reported their Q3 results, giving us a hint as to what we can expect. Guardant Health delivered year-on-year revenue growth of 38.5%, beating analysts’ expectations by 12.6%, and CVS Health reported revenues up 7.8%, topping estimates by 4.1%. Guardant Health traded up 27.9% following the results while CVS Health was down 6.7%.

Read our full analysis of Guardant Health’s results here and CVS Health’s results here.

Investors in the healthcare providers & services segment have had steady hands going into earnings, with share prices flat over the last month. The Ensign Group is up 4.7% during the same time and is heading into earnings with an average analyst price target of $185.40 (compared to the current share price of $183.70).

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