Core Insights - The Pennant Group, Inc. reported strong financial results for the fiscal year and fourth quarter of 2024, with total revenue reaching $695.2 million, a 27.6% increase from the previous year [2] - The company achieved GAAP diluted earnings per share of $0.70 for the year and $0.16 for the fourth quarter, alongside adjusted diluted earnings per share of $0.94 for the year and $0.24 for the quarter [1][2] - The management anticipates continued growth in 2025, projecting total revenue between $800 million and $865 million and adjusted earnings per diluted share between $1.03 and $1.11 [6][7] Financial Performance - Total revenue for the full year was $695.2 million, an increase of $150.3 million or 27.6% over the prior year, and for the fourth quarter was $188.9 million, an increase of $42.9 million or 29.4% over the prior year quarter [2] - Net income for the full year was $22.6 million, an increase of $9.2 million or 68.6% over the prior year, and for the fourth quarter was $5.8 million, an increase of $1.4 million or 32.4% over the prior year quarter [2] - Adjusted EBITDA for the full year was $53.3 million, an increase of $12.6 million or 30.9% over the prior year, and for the fourth quarter was $13.8 million, an increase of $1.9 million or 16.1% over the prior year quarter [2] Segment Performance - Home Health and Hospice Services segment revenue for the year was $519.5 million, an increase of $125.0 million or 31.7% over the prior year, and for the fourth quarter was $142.0 million, an increase of $35.1 million or 32.9% over the prior year quarter [2] - Senior Living segment revenue for the full year was $175.8 million, an increase of $25.3 million or 16.8% over the prior year, and for the fourth quarter was $46.9 million, an increase of $7.8 million or 20.0% over the prior year quarter [2] Operational Highlights - Total home health admissions for the full year were 59,741, an increase of 16,233 or 37.3% over the prior year, and for the fourth quarter were 15,959, an increase of 4,631 or 40.9% over the prior year quarter [2] - Hospice average daily census for the full year was 3,268, an increase of 661 or 25.4% over the prior year, and for the fourth quarter was 3,445, an increase of 649 or 23.2% compared to the prior year quarter [2] - Average occupancy for the Senior Living segment for the fourth quarter was 78.6%, a decrease of 40 basis points over the prior year quarter, while average monthly revenue per occupied room for the fourth quarter was $4,961, an increase of $393 or 8.6% over the prior year quarter [2] Future Guidance - The company expects adjusted EBITDA for 2025 to be between $63.1 million and $68.2 million, reflecting management's expectations based on 2024 performance and current operating conditions [6][8] - The earnings guidance midpoint of $1.07 represents a 13.8% growth on 2024 adjusted earnings per share and a 46.6% growth over 2023 results [7]

Core Viewpoint - Analysts project that The Pennant Group, Inc. (PNTG) will report quarterly earnings of $0.25 per share, reflecting a 13.6% increase year over year, with revenues expected to reach $186.81 million, a 28% increase from the same quarter last year [1]. Earnings Estimates - Over the last 30 days, there has been no revision in the consensus EPS estimate for the quarter, indicating that analysts have not changed their initial forecasts during this period [2]. - Changes in earnings estimates are crucial for predicting investor reactions to the stock, as empirical research shows a strong correlation between earnings estimate revisions and short-term stock price performance [3]. Revenue Projections - The consensus estimate for 'Revenue- Total home health and hospice services' is projected at $141.45 million, representing a 32.3% increase from the year-ago quarter [5]. - Analysts estimate 'Revenue- Senior living services' to reach $45.37 million, suggesting a 16.1% year-over-year change [5]. - The average prediction for 'Revenue- Home health and hospice services- Home care and other' is $12.33 million, indicating an 88.1% increase from the prior-year quarter [6]. - The consensus estimate for 'Revenue- Home health and hospice services- Hospice' is $65.33 million, reflecting a 20.1% increase from the year-ago quarter [6]. - Analysts project 'Revenue- Home health and hospice services- Home health' to arrive at $63.79 million, indicating a year-over-year change of 38.9% [7]. Stock Performance - Over the past month, shares of The Pennant Group have returned -3.4%, compared to the Zacks S&P 500 composite's -2.3% change [7]. - Currently, PNTG holds a Zacks Rank 3 (Hold), suggesting that its performance may align with the overall market in the near future [7].

Group 1 - The recent minor pullback in gold prices followed a record high of $2,943, indicating a potential double top pattern [1] - Despite bearish trading activity, today's bullish price action suggests that the negative implications may have lessened, allowing for another attempt to rise [2] - A bull pennant pattern has formed on the daily chart for gold, with a rise above today's high of $2,937 signaling bullish potential [3] Group 2 - A sustained breakout above the bull pennant could confirm a bullish reversal, especially after the failed breakdown last Friday [4] - The situation surrounding a breakout above the $2,943 high indicates potential bearish pressure, as evidenced by a shooting star candlestick pattern from last week [5]

Group 1 - The Pennant Group, Inc. will release its fourth quarter and full year 2024 financial results on February 27, 2025 [1] - A live webcast for discussing the financial results is scheduled for February 28, 2025, at 10:00 a.m. Mountain Time [2] - The webcast will be available for replay until February 27, 2026 [3] Group 2 - The Pennant Group operates independent subsidiaries providing healthcare services, including home health, hospice, and senior living across multiple states [4]

Core Viewpoint - The Pennant Group, Inc. has acquired three senior living facilities in Idaho and Texas, enhancing its national footprint and commitment to quality care for seniors [1][2][3] Group 1: Acquisition Details - The acquisition includes one facility in Idaho under a triple net lease with an option to purchase, and two facilities in Texas under long-term triple net leases [1] - The acquisitions add 188 units to Pennant's operations, which include both assisted living and memory care services [2] Group 2: Strategic Importance - These acquisitions are part of Pennant's strategy to meet the increasing demand for senior living services and to provide personalized, high-quality care [2] - The CEO emphasized the importance of these facilities in expanding operations in key markets and creating vibrant communities for seniors [3] Group 3: Company Overview - The Pennant Group operates through independent subsidiaries providing healthcare services across multiple states, including Arizona, California, and Texas [4]

Core Insights - The Pennant Group, Inc. has acquired three senior living facilities in Idaho and Texas, effective February 1, 2025, enhancing its operational footprint and service offerings [1][2][3] Group 1: Acquisition Details - The acquisition includes one facility in Idaho under a triple net lease with an option to purchase, and two facilities in Texas under long-term triple net leases [1] - The transactions add 188 units to Pennant's operations, which include both assisted living and memory care services [2] Group 2: Strategic Commitment - These acquisitions reflect Pennant's commitment to expanding its national presence and improving the quality of care for senior residents [2][3] - The company aims to meet the increasing demand for senior living services, reinforcing its mission to provide personalized, high-quality care [2] Group 3: Leadership Statements - CEO Brent Guerisoli emphasized that these acquisitions are a significant step in expanding operations in key markets [3] - Andrew Rider, President of Pinnacle Senior Living LLC, highlighted the focus on long-term growth and exceptional care for residents in the newly acquired facilities [3]

EAGLE, Idaho, Jan. 02, 2025 (GLOBE NEWSWIRE) -- The Pennant Group, Inc. (NASDAQ: PNTG), the parent company of the Pennant group of affiliated home health, hospice, and senior living companies, today announced that it has closed on the purchase of certain Oregon assets of Signature Healthcare at Home (“Signature”). Pennant completed its purchase of Signature’s Idaho and Washington assets on August 1, 2024 and its purchase of certain of Signature’s Oregon assets on January 1, 2025, thus concluding the full tw ...

EAGLE, Idaho, Jan. 02, 2025 (GLOBE NEWSWIRE) -- The Pennant Group, Inc. (NASDAQ: PNTG), the parent company of the Pennant group of affiliated home health, hospice, and senior living companies, today announced the appointment of Brent Guerisoli as Chairman of its board of directors and Scott Lamb as Lead Independent Director of its board of directors, each effective January 1, 2025. Mr. Guerisoli and Mr. Lamb are existing directors of the Company. Mr. Guerisoli has served on Pennant’s board since 2023. He ha ...

EAGLE, Idaho, Nov. 11, 2024 (GLOBE NEWSWIRE) -- The Pennant Group, Inc. (NASDAQ: PNTG), the parent company of the Pennant group of affiliated home health, hospice and senior living companies, announced today that it will participate in the upcoming 2024 Stephens Annual Investment Conference on November 19-20, 2024. Brent Guerisoli, Chief Executive Officer, Lynette Walbom, Chief Financial Officer, and John Gochnour, President and Chief Operating Officer, will participate in a fireside chat on November 19, 20 ...

The Pennant Group, Inc. (PNTG) came out with quarterly earnings of $0.26 per share, beating the Zacks Consensus Estimate of $0.23 per share. This compares to earnings of $0.20 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 13.04%. A quarter ago, it was expected that this company would post earnings of $0.21 per share when it actually produced earnings of $0.24, delivering a surprise of 14.29%.Over the last four quarters, the ...