Ensign Group: 2Q Earnings Snapshot
MISSION VIEJO, Calif. (AP) _ The Ensign Group Inc. (ENSG) on Thursday reported second-quarter profit of $28.6 million.
The Mission Viejo, California-based company said it had profit of 51 cents per share. Earnings, adjusted for one-time gains and costs, came to 54 cents per share.
The results met Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was also for earnings of 54 cents per share.
The provider of nursing and rehabilitative care services posted revenue of $575.7 million in the period, which topped Street forecasts. Three analysts surveyed by Zacks expected $572.1 million.
Ensign Group expects full-year earnings to be $2.22 to $2.30 per share, with revenue in the range of $2.34 billion to $2.4 billion.
Ensign Group shares have increased 50% since the beginning of the year. The stock has increased 62% in the last 12 months.