SKH EPS Range Significantly Above Street/J.P. Morgan Estimates

This morning, Skilled Healthcare Group, Inc. SKH increased its non-GAAP 2010 guidance and provided initial 2011 guidance, both of which exceed Street/our estimates, J.P. Morgan reports. “For 2010, the company raised its EPS range to $1.01-$1.04 from the prior $0.92-$0.97, compared with the consensus/JPM estimate of $0.95/$0.96,” J.P. Morgan writes. “For 2011, the company has set an EPS range of $1.22-$1.32, significantly above the Street estimate of $0.90 and our estimate of $0.96.” Skilled Healthcare Group closed Wednesday at $9.53.