The Pennant Group (PNTG) Q3 Earnings Report Preview: What To Look For

The Pennant Group is set to release its earnings on November fourth, with analysts predicting a twenty-three percent year-over-year revenue increase, bringing the total to around two hundred twenty-two point three million dollars. Despite a slight slowdown from last year's pace, this growth rate is still impressive in today's volatile healthcare market. Earnings per share are expected to land at twenty-nine cents. Meanwhile, competitors like BrightSpring Health Services and Addus HomeCare have also posted strong quarterly results, but their stock prices haven't moved much due to investors already anticipating the good news. Analysts remain confident in The Pennant Group's ability to meet expectations, but the company's stock price has been down in the past month, currently hovering around twenty-four dollars and fifty-eight cents per share, below the average analyst price target of thirty-three dollars. The focus will be on whether The Pennant Group can maintain its competitive edge in the senior care industry.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.