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Brookdale (BKD) Reports Earnings Tomorrow: What To Expect

BKD Cover Image

Senior living provider Brookdale Senior Living (NYSE: BKD) will be reporting earnings tomorrow after market close. Here’s what to look for.

Brookdale met analysts’ revenue expectations last quarter, reporting revenues of $784.2 million, up 3.5% year on year. It was a softer quarter for the company, with a significant miss of analysts’ EPS estimates.

Is Brookdale a buy or sell going into earnings? Read our full analysis here, it’s free.

This quarter, analysts are expecting Brookdale’s revenue to grow 3.6% year on year to $781.8 million, slowing from the 7.7% increase it recorded in the same quarter last year. Adjusted loss is expected to come in at -$0.24 per share.

Brookdale 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. Brookdale has missed Wall Street’s revenue estimates three times over the last two years.

Looking at Brookdale’s peers in the healthcare providers & services segment, some have already reported their Q4 results, giving us a hint as to what we can expect. Centene delivered year-on-year revenue growth of 3.4%, beating analysts’ expectations by 4.4%, and McKesson reported revenues up 17.8%, falling short of estimates by 0.7%. Centene traded down 6.3% following the results, while McKesson was also down 1.1%.

Read our full analysis of Centene’s results here and McKesson’s results here.

Valuation multiples for many growth stocks have not yet reverted to their early 2021 highs, but the market has been optimistic as of late due to a soft landing. This is an economic situation where rate hikes successfully quelled inflation but did not send the economy into a recession. Furthermore, recent rate cuts and Donald Trump's triumph in the 2024 Presidential election have been tailwinds for the market, and while some of the healthcare providers & services stocks have shown solid performance, the group has generally underperformed, with share prices down 2.3% on average over the last month. Brookdale is up 1.2% during the same time and is heading into earnings with an average analyst price target of $7.38 (compared to the current share price of $5.11).

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