NASDAQ$PNTG

The Pennant Group Inc · Q1 2024 earnings

Q1 2024 earnings · · Investor relations

Briefing

Pennant Group reported strong first quarter results driven by growth in both home health and hospice, and senior living segments.

The Pennant Group reported a strong first quarter with a 24.1% increase in total revenue to $156.9 million and a 165.2% increase in net income to $4.9 million. The company experienced accelerated growth and margin improvement, with record setting performance in the home health and hospice segment and all-time high revenue in the senior living segment.

  • Total revenue increased by 24.1% to $156.9 million.
  • Net income increased by 165.2% to $4.9 million.
  • Home Health and Hospice Services segment revenue increased by 27.9% to $116.5 million.
  • Senior Living Services segment revenue increased by 14.2% to $40.4 million.

Headline financials

Total Revenue

$157M

Previous: $126M+24.1%
EPS

$0.16

Previous: $0.13+23.1%
Total Hospice Admissions

3.1K

Previous: 2.5K+25.7%
Total Home Health Admissions

14.6K

Previous: 10.9K+34.3%
Medicare HH Admissions

6.3K

Previous: 4.9K+28.3%
Avg Medicare Rev per Episode

$3.48K

No prior period
Hospice Avg Daily Census

3.0K

Previous: 2.4K+21.4%
Hospice Medicare Rev per Day

$187.00

Previous: $183.00+2.2%
Senior Living Occupancy

78.5%

No prior period
Avg Monthly Rev per Unit

$4.67K

Previous: $3.85K+21.3%
Capital Expenditures

-$3.14M

Previous: -$2.31M-35.9%
Free Cash Flow

$1.76M

Previous: -$464K+479.7%
Net Income

$4.91M

Previous: $1.85M+165.2%
Operating Income

$8.52M

Previous: $4.28M+99.2%
Gross Profit

-$126M

Previous: -$103M-22.8%
Cash & Equivalents

$2.72M

Previous: $2.95M-7.8%
Total Assets

$578M

Previous: $508M+13.8%
Stock-Based Comp

$1.44M

Previous: $1.37M+5.3%

Revenue & EPS history

Pennant Group · Revenue · Quarterly

$157M

Q1 2024+24.1%vs Q1 2023
Beat estimate in 12 of 14 quarters(86%)
ActualEstimate

Revenue by segment

Pennant Group · $37.3M total across 1 segment · Q2 2023

  • Senior Living Services
    $37.3M

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 Q1 2024

Historical avgQ1 2024

-0.4%

Avg return

Earnings day

+5.0%

Avg return

5 days after

+5.6%

Avg return

30 days after

40%

12 / 30 earnings

Positive

+27.4%

Q2 2020

Best reaction

-18.7%

Q3 2021

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+3.4%+8.4%+0.5%
Q4 2025-7.8%-0.2%-9.8%
Q3 2025-5.8%+0.4%+16.1%
Q1 2025+3.7%+10.1%+10.1%
Q4 2024-10.8%-8.1%-3.6%
Q3 2024+0.6%+6.4%-5.9%
Q2 2024+0.3%+8.2%+18.3%
Q1 2024-2.3%+5.8%+11.3%
Q4 2023+12.4%+13.3%+18.3%
Q3 2023+7.6%+5.7%+13.6%
Q2 2023-1.2%+8.9%+1.3%
Q1 2023-9.4%-14.7%-6.8%
Q4 2022+11.3%+20.7%+8.9%
Q3 2022-11.4%-10.8%-20.0%
Q2 2022+6.8%+12.6%+0.6%
Q1 2022+6.6%+26.4%+21.3%
Q4 2021-7.5%-7.9%+12.9%
Q3 2021-18.7%-6.9%-21.1%
Q2 2021-5.8%-15.0%+0.0%
Q1 2021-2.2%-9.4%-14.2%
Q4 2020-8.3%-7.5%-16.9%
Q3 2020-0.5%+5.3%+21.1%
Q2 2020+27.4%+23.8%+15.9%
Q1 2019+15.1%+51.2%+45.5%
Q1 2020+15.1%+51.2%+45.5%
Q2 2019-3.3%-13.7%-43.7%
Q4 2017-3.3%-13.7%-43.7%
Q4 2019-3.3%-13.7%-43.7%
Q3 2019-10.5%+7.0%+68.4%
Q4 2018-10.5%+7.0%+68.4%
Q3 2018
Q2 2018
Q1 2018

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