NASDAQ$ENSG
The Ensign Group Inc. · Q4 2022 earnings
Q4 2022 earnings · · Investor relations
Briefing
Ensign Group reported record operating results driven by occupancy and skilled revenue growth.
Ensign Group reported record fourth-quarter results with GAAP diluted earnings per share of $1.06 and adjusted earnings per share of $1.10. Consolidated GAAP revenues for the year were $3.025 billion. The company issued 2023 earnings guidance of $4.60 to $4.74 per diluted share and revenue guidance of $3.55 billion to $3.62 billion.
- GAAP diluted earnings per share for the quarter was $1.06, an increase of 23.3% over the prior year quarter.
- Adjusted diluted earnings per share was $1.10, an increase of 13.4% over the prior year quarter.
- Total skilled services revenue was $777.6 million for the quarter, an increase of 16.5% over the prior year quarter.
- Standard Bearer revenue was $19.4 million for the quarter, an increase of 26.0% from prior year quarter.
Headline financials
Revenue & EPS history
Ensign Group · Revenue · Quarterly
$810M
Revenue by segment
Ensign Group · $797M total across 2 segments · Q4 2022
- Skilled Services$778M+16.5%97.6%
- Standard Bearer$19.4M—2.4%
Forward guidance
The company issued annual 2023 earnings guidance of $4.60 to $4.74 per diluted share and annual revenue guidance of $3.55 billion to $3.62 billion. The midpoint of this 2023 earnings guidance represents an increase of 12.8% over our 2022 results and is 28.3% higher than our 2021 results.
Tailwinds
- Earnings guidance of $4.60 to $4.74 per diluted share for 2023.
- Revenue guidance of $3.55 billion to $3.62 billion for 2023.
- Midpoint of earnings guidance represents an increase of 12.8% over 2022 results.
- Midpoint of earnings guidance is 28.3% higher than 2021 results.
- Liquidity remains strong with approximately $316.3 million of cash on hand and $593.3 million of available capacity under its line-of-credit.
Headwinds
- Guidance assumes normalized health insurance costs.
- Guidance assumes current expectations regarding reimbursement rates and recovery of the COVID-19 pandemic.
- Guidance excludes one-time charges.
- Guidance excludes acquisition-related costs.
- Guidance excludes amortization costs related to intangible assets acquired and share-based compensation.
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 Q4 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
| Quarter | Report date | Reaction (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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