The Ensign Group (ENSG) to report earnings tomorrow: here is what to expect

Healthcare services company The Ensign Group (NASDAQ:ENSG) will be reporting earnings this Tuesday after market hours. Here’s what to expect.

The Ensign Group missed analysts’ revenue expectations last quarter, reporting revenues of $1.44 billion, up 17.3% year on year. It was a mixed quarter for the company, with a solid beat of analysts’ full-year EPS guidance estimates but a significant miss of analysts’ EPS estimates.

Is The Ensign Group a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.

This quarter, the market is expecting The Ensign Group’s revenue to grow 23.2% year on year, improving from the 19.8% increase it recorded in the same quarter last year.

Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business will stay the course heading into earnings. The Ensign Group has missed Wall Street’s revenue estimates multiple times over the last two years.

Looking at The Ensign Group’s peers in the healthcare providers & services segment, some have already reported their Q3 results, giving us a hint as to what we can expect. Elevance Health posted flat year-on-year revenue, beating analysts’ expectations by 3.1%, and UnitedHealth reported flat revenue, topping estimates by 1.2%. Elevance Health traded up 1.4% following the results while UnitedHealth was also up 4.5%.

Read our full analysis of Elevance Health’s results here and UnitedHealth’s results here.

There has been positive sentiment among investors in the healthcare providers & services segment, with share prices up 2.7% on average over the last month. The Ensign Group’s stock price was unchanged during the same time and is heading into earnings with an average analyst price target of $220 (compared to the current share price of $177.42).

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