Yahoo Finance Ensign Group First Quarter 2024 Earnings: EPS Beats Expectations
Ensign Group (NASDAQ:ENSG) First Quarter 2024 Results
Key Financial Results
Revenue: US$1.01b (up 14% from 1Q 2023).
Net income: US$68.8m (up 15% from 1Q 2023).
Profit margin: 6.8% (up from 6.7% in 1Q 2023). The increase in margin was driven by higher revenue.
EPS: US$1.22 (up from US$1.08 in 1Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Ensign Group EPS Beats Expectations
Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 3.5%.
Looking ahead, revenue is forecast to grow 9.3% p.a. on average during the next 3 years, compared to a 6.7% growth forecast for the Healthcare industry in the US.
Performance of the American Healthcare industry.
The company's share price is broadly unchanged from a week ago.
Risk Analysis
You should always think about risks. Case in point, we've spotted 1 warning sign for Ensign Group you should be aware of.
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