NASDAQ$PNTG
The Pennant Group Inc · Q4 2021 earnings
Q4 2021 earnings · · Investor relations
Briefing
Reported lower-than-anticipated results due to another surge of COVID-19, but achieved record full-year results in the home health and hospice segment.
Pennant Group's Q4 2021 results were impacted by COVID-19, but the home health and hospice segment showed strength. Strategic transactions were executed to reposition the senior living segment for better results in 2022.
- Total revenue for the quarter was $111.8 million, an increase of 3.5% over the prior year quarter.
- GAAP diluted earnings per share was $(0.08) for the quarter, and adjusted diluted earnings per share was $0.07.
- Home Health and Hospice Services segment revenue for the quarter was $77.9 million, an increase of 4.5% over the prior year quarter.
- Senior Living Services segment revenue for the quarter was $33.9 million, an increase of 1.4% over the prior year quarter.
Headline financials
Revenue & EPS history
Pennant Group · Revenue · Quarterly
$112M
Revenue by segment
Pennant Group · $37.3M total across 1 segment · Q2 2023
- Senior Living Services$37.3M—100.0%
Forward guidance
The Company provided revised fiscal year 2022 guidance, anticipating total revenue to be in the range of $450.0 million to $460.0 million and adjusted earnings per share to be in the range of $0.60 to $0.72 per diluted share.
Tailwinds
- Total revenue is anticipated to be in the range of $450.0 million to $460.0 million, representing an increase of 7.5% over full year 2021 revenue results (adjusted for the disposition of five senior living communities).
- Adjusted earnings per share is anticipated to be in the range of $0.60 to $0.72 per diluted share, representing an increase of 43.5% over full year 2021 adjusted earnings per share results.
- The 2022 annual guidance is based on diluted weighted average shares outstanding of approximately 31.2 million and a 26.1% effective tax rate.
- Confidence in leaders across the organization being stronger and more capable of confronting headwinds.
- Expectation that measures taken to emphasize core opportunities and reinforce the operating model will lead to improvement.
Headwinds
- Guidance assumes anticipated reimbursement rate adjustments and the lingering effects of COVID-19.
- Guidance excludes costs at start-up operations, share-based compensation, acquisition-related costs, assets held for sale, and losses of disposed operations.
- Census, staffing and other operating challenges will likely persist for the foreseeable future.
- Short-term chop in first half results is expected.
- The guidance assumes no unannounced acquisitions.
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 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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