NASDAQ$ENSG

The Ensign Group Inc. · Q2 2022 earnings

Q2 2022 earnings · · Investor relations

Briefing

Reported GAAP diluted earnings per share and adjusted earnings per share of $1.01 and consolidated GAAP revenues and adjusted revenues of $732.5 million.

The Ensign Group reported a strong second quarter in 2022, with GAAP diluted earnings per share and adjusted earnings per share of $1.01. Consolidated GAAP revenues and adjusted revenues reached $732.5 million, a 14.7% increase year-over-year. The company is raising its annual 2022 earnings guidance to $4.05 to $4.15 per diluted share and annual revenue guidance to $2.96 billion to $3.0 billion.

  • GAAP diluted earnings per share and adjusted diluted earnings per share for the quarter was $1.01, representing an increase of 16.1% and 13.5%, respectively, over the prior year quarter.
  • Consolidated GAAP revenues and adjusted revenues for the quarter were $732.5 million, an increase of 14.7% over the prior year quarter.
  • Same store and transitioning occupancy increased by 1.8% and 6.4%, respectively, over prior year quarter and increased by 0.7% and 1.8%, respectively, both sequentially over the first quarter.
  • Given the strength in occupancies and the improvement in labor, the company is raising its annual 2022 earnings guidance to $4.05 to $4.15 per diluted share and annual revenue guidance to $2.96 billion to $3.0 billion.

Headline financials

Total Revenue

$732M

Previous: $639M+14.7%
EPS (adj)

$1.01

Previous: $0.89+13.5%
Free Cash Flow

$57.7M

Previous: $49.4M+16.7%
Net Income

$57.7M

Previous: $49.4M+16.7%
Operating Income

$78.2M

Previous: $64.9M+20.6%
Gross Profit

$169M

Previous: $150M+12.6%
Cash & Equivalents

$286M

Previous: $198M+43.9%
Total Assets

$3.12B

Previous: $2.65B+18.0%
Stock-Based Comp

$5.62M

Previous: $4.63M+21.2%

Revenue & EPS history

Ensign Group · Revenue · Quarterly

$732M

Q2 2022+14.7%vs Q2 2021
Beat estimate in 11 of 16 quarters(69%)
ActualEstimate

Revenue by segment

Ensign Group · $720M total across 2 segments · Q2 2022

  • Skilled Services
    $702M+14.6%
  • Standard Bearer
    $17.6M

Forward guidance

The company is raising its annual 2022 earnings guidance to $4.05 to $4.15 per diluted share and annual revenue guidance to $2.96 billion to $3.0 billion.

Tailwinds

  • Occupancies are strong.
  • Labor is improving.
  • Annual 2022 earnings guidance is raised to $4.05 to $4.15 per diluted share.
  • Annual revenue guidance is raised to $2.96 billion to $3.0 billion.
  • New midpoint of this 2022 earnings guidance represents an increase of 13% over 2021 results and is 31% higher than 2020 results.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q2 2022

Historical avgQ2 2022

+1.7%

Avg return

Earnings day

+2.4%

Avg return

5 days after

+4.9%

Avg return

30 days after

55%

36 / 66 earnings

Positive

+21.1%

Q2 2020

Best reaction

-14.9%

Q4 2016

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-1.2%-5.8%-10.2%
Q4 2025+13.8%+17.8%+19.7%
Q3 2025-0.1%-2.1%-3.2%
Q2 2025+0.1%+1.8%+1.2%
Q1 2025+0.7%+2.9%+14.9%
Q4 2024-8.7%-13.3%-12.4%
Q3 2024+1.9%+4.6%-2.4%
Q2 2024+4.5%+6.5%+8.4%
Q1 2024-1.5%-2.0%+2.4%
Q4 2023+6.7%+3.9%+7.7%
Q3 2023-1.4%-1.4%+13.3%
Q2 2023+1.4%+3.2%+7.0%
Q1 2023-5.7%-4.6%-13.1%
Q4 2022-1.7%-4.4%-2.7%
Q3 2022-1.9%+1.8%+6.7%
Q2 2022+9.5%+6.5%+7.0%
Q1 2022-1.4%-3.8%+1.1%
Q4 2021+7.9%+6.0%+15.9%
Q3 2021+8.3%+11.3%+10.6%
Q2 2021-2.5%-1.3%-3.8%
Q1 2021-3.3%-2.5%-6.3%
Q4 2020+0.4%-2.1%-6.3%
Q3 2020+2.8%+4.8%+23.2%
Q2 2020+21.1%+21.5%+20.9%
Q1 2020+2.6%+2.6%+22.6%
Q4 2019+11.6%+13.9%-2.5%
Q3 2019+1.1%+1.9%+3.9%
Q2 2019-10.3%-15.7%-17.2%
Q1 2019-1.0%+5.0%+4.2%
Q4 2018+11.3%+10.0%+10.2%
Q3 2018+11.2%+20.5%+21.1%
Q2 2018-2.7%-0.1%+8.4%
Q1 2018+12.4%+17.8%+30.7%
Q4 2017+7.5%+8.7%+20.1%
Q3 2017-0.8%-0.2%-2.9%
Q2 2017-7.4%-7.3%-4.4%
Q1 2017+10.4%+9.5%+2.4%
Q4 2016-14.9%-15.5%-8.9%
Q3 2016+3.4%+5.3%+20.7%
Q2 2016-12.2%-8.9%-12.6%
Q1 2016+1.1%
Q4 2015-5.6%
Q3 2015+13.0%
Q2 2015-0.8%
Q1 2015+5.7%
Q4 2014-6.0%
Q3 2014+5.3%
Q2 2014-1.9%
Q1 2014-2.0%
Q4 2013-1.0%
Q3 2013+3.5%
Q2 2013-3.9%
Q1 2013-5.3%
Q4 2012+3.1%
Q3 2012-5.1%
Q2 2012+2.6%
Q1 2011-0.7%
Q1 2012-0.7%
Q4 2011+7.7%
Q4 2009+7.7%
Q3 2011+12.7%
Q3 2010+12.7%
Q4 2010+1.2%
Q2 2010+1.2%
Q2 2011+1.2%
Q1 2010-3.4%

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