Pennant Group PNTG reported its Q3 earnings results on Monday, November 8, 2021 at 04:50 PM.
Here's what investors need to know about the announcement.
Earnings
Pennant Group their estimated earnings by 50.0%, reporting an EPS of $0.11 versus an estimate of $0.22, which surprised analysts.
Revenue was up $13,524,000 from the same period last year.
Past Earnings Performance
Last quarter the company missed on EPS by $0.03, which was followed by a 3.03% drop in the share price the next day.
Here's a look at Pennant Group's past performance:
Quarter | Q2 2021 | Q1 2021 | Q4 2020 | Q3 2020 |
---|---|---|---|---|
EPS Estimate | 0.20 | 0.19 | 0.20 | 0.17 |
EPS Actual | 0.17 | 0.11 | 0.17 | 0.18 |
Revenue Estimate | 107.12M | 104.73M | 100.41M | 95.81M |
Revenue Actual | 110.34M | 105.66M | 107.97M | 98.40M |
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
Guidance
Pennant Group management provided guidance for their next quarter, expecting earnings between $0.11 and $0.11 per share for the nextquarter.
This represents a 0.0% in quarter-over-quarter growth for Pennant Group, a bearish signal to many investors.
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