NASDAQ$PNTG
The Pennant Group Inc · Q3 2021 earnings
Q3 2021 earnings · · Investor relations
Briefing
Pennant Group's Q3 2021 results were impacted by a sharp rise in COVID-19 cases and ongoing labor challenges, disrupting the momentum achieved in the second quarter.
Pennant Group's Q3 2021 results were negatively impacted by a sharp rise in COVID-19 cases and ongoing labor challenges. Total adjusted revenue reached $111.9 million, with $79.0 million from Home Health and Hospice and $32.9 million from Senior Living. Net income was $1.2 million, with earnings per diluted share of $0.04 and adjusted earnings per diluted share of $0.11.
- Total adjusted revenue was $111.9 million.
- Net income was $1.2 million, with earnings per diluted share of $0.04 and adjusted earnings per diluted share of $0.11.
- Home Health and Hospice segment revenue was $79.0 million, a 22.7% increase year-over-year.
- Senior Living segment revenue was $32.9 million, a 3.2% decrease year-over-year.
Headline financials
Revenue & EPS history
Pennant Group · Revenue · Quarterly
$112M
Revenue by segment
Pennant Group · $32.9M total across 1 segment · Q3 2021
- Senior Living Services$32.9M-3.2%100.0%
Forward guidance
Management adjusts its full year 2021 guidance to adjusted revenue of $425 million to $430 million and adjusted earnings per share of $0.53 to $0.57.
Tailwinds
- Hospice agencies continue to drive strong results.
- Growth in home health referrals indicates healthy underlying demand.
- COVID-19 cases are trending down, a positive lead indicator of greater admissions, particularly in senior living communities.
- Senior living communities are offsetting labor pressures with more appropriate rent and care rates.
- Ability to unlock tremendous inherent upside in operations expands as the pace of acquisitive growth normalizes.
Headwinds
- Revised guidance reflects the challenging operating environment experienced during the third quarter.
- Expectation of some lingering impacts in the fourth quarter.
- COVID-19 presented unprecedented revenue, cost and operational challenges this year.
- Momentum slowed due to COVID-19 and labor challenges.
- Impact of headwinds was acutely felt in recently-acquired operations.
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 Q3 2021
-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
| Quarter | Report date | Reaction (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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