Pennant Group Inc

The Pennant Group, Inc. is a holding company, which engages in the provision of healthcare services to patients of all ages. It operates through the following segments: Home Health and Hospice Services, Senior Living Services, and All Other. The Home Health and Hospice Services segment provides combination of clinical care services such as nursing, speech, occupational and physical therapy, medical social work, and home health aide services. The Senior Living Services segment deals with assisted and independent living and memory care businesses. The All Other segment includes general and administrative expense from the service center. The company was founded on January 24, 2019 and is headquartered in Eagle, ID.

Earnings data Q3 2020

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Earnings data Q1 2024

Earnings data Q2 2024

Pennant Group Inc reports strong Q4 earnings and growth strategies

Pennant Group Inc's Q4 2022 earnings call highlighted robust financial performance, particularly in revenue growth and EBITDA improvement.
The company's strategic focus on operational excellence, leadership development, and margin expansion positions it well for future success and market leadership.
While facing challenges in Medicare revenue and operational efficiency, Pennant Group Inc remains optimistic about growth opportunities and margin expansion strategies.

Pennant Group Inc reports strong Q1 earnings and growth strategies

Pennant Group Inc's Q1 2023 earnings call highlighted robust financial performance, strategic focus on growth, and operational improvements across key segments.
The company's strengths lie in its strong revenue growth, leadership development initiatives, and margin improvement strategies, while challenges include maintaining growth momentum and managing operational complexities.
Opportunities for Pennant Group Inc include expanding market presence, driving further margin improvement, and capitalizing on market demand for healthcare services.
Overall, Pennant Group Inc's performance reflects a positive outlook with a strategic focus on sustainable growth and operational excellence.

Pennant Group Inc reports strong Q2 earnings amidst sector challenges

Pennant Group Inc delivered robust financial performance in Q2 2023, driven by growth in revenue and Adjusted EBITDA across its segments.
While facing challenges in the Home Health and Hospice segment, the company's strategic focus on leadership development and acquisitions positions it for future success.
Opportunities lie in leveraging current strengths, addressing challenges, and navigating regulatory changes to sustain growth and profitability.

Pennant Group Inc reports robust Q3 earnings, sets optimistic 2023 guidance

Pennant Group Inc delivered impressive Q3 2023 results, showcasing strong financial performance, operational excellence, and a clear growth trajectory.
The company's emphasis on transparency, leadership development, and strategic guidance underpins its resilience and potential for sustained success in the healthcare services sector.
While challenges like market dynamics and leadership development exist, Pennant Group Inc's proactive approach and solid financial foundation position it well to seize opportunities and navigate future uncertainties.

Pennant Group Inc surpasses Q4 earnings, eyes growth opportunities

Pennant Group Inc delivered strong financial performance in Q4 2023, exceeding expectations.
Strategic focus on growth areas and operational excellence positioned the company well.
Challenges lie in managing cash flow, sustaining growth, and meeting 2024 targets.
Opportunities exist for expansion, margin improvement, and enhancing employee experience.

Pennant Group Inc (PNTG) reports robust Q1 growth and operational excellence

Pennant Group Inc (PNTG) delivers strong Q1 2024 performance with revenue, EBITDA, and EPS growth. Leadership development, margin improvement, and record quarter in home health and hospice highlight operational strengths. Challenges include cash flow impact and wage inflation trends. Opportunities lie in acquisitions, local leadership success, and continued margin enhancement.

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Does The Pennant Group, Inc. (PNTG) have what it takes to be a top stock pick for momentum investors? Let's find out.

The Pennant Group, Inc. (PNTG) is a Great Momentum Stock: Should You Buy?

EAGLE, Idaho, May 16, 2024 (GLOBE NEWSWIRE) -- The Pennant Group, Inc. (NASDAQ: PNTG), the parent company of the Pennant group of affiliated home health, hospice, home care and senior living companies, today announced that it has acquired Nurses on Wheels, Inc. (“Nurses on Wheels”), which provides hospice services in Corpus Christi, Texas and the surrounding communities.

Pennant Acquires South Texas Hospice Provider

EAGLE, Idaho, May 13, 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 RBC Global Healthcare Conference on May 14-15, 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 May 15, 2024 at 9:30 a.m. Eastern Time. A live webcast of the event will be accessible at https://www.veracast.com/webcasts/rbc/healthcare2024/uP37i8.cfm.

Pennant Group to Participate in the 2024 RBC Global Healthcare Conference

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Despite the macroeconomic challenges, dependence on telehealth and AI dominance are likely to drive the Zacks Medical - Outpatient and Home Healthcare industry. DVA, EHC, OPCH and PNTG are well-poised to gain.

4 Stocks to Buy in a Thriving Outpatient Home Health Industry

The Pennant Group, Inc. (NASDAQ:PNTG ) Q1 2024 Earnings Conference Call May 7, 2024 12:00 PM ET Company Participants Kirk Cheney - General Counsel and Corporate Secretary Brent Guerisoli - Chief Executive Officer John Gochnour - President and COO Lynette Walbom - Chief Financial Officer Conference Call Participants Ben Hendrix - RBC Capital Markets Scott Fidel - Stephens Operator Good day and thank you for standing by. Welcome to The Pennant Group First Quarter 2024 Earnings Conference Call.

The Pennant Group, Inc. (PNTG) Q1 2024 Earnings Call Transcript

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We have narrowed our search to outpatient and home healthcare stocks that have strong growth potential for 2024. These are: DVA, ADUS, OPCH, EHC, PNTG.

Top 5 Outpatient and Home Healthcare Stocks for Solid Returns

The headline numbers for The Pennant Group (PNTG) give insight into how the company performed in the quarter ended March 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

Compared to Estimates, The Pennant Group (PNTG) Q1 Earnings: A Look at Key Metrics

The Pennant Group, Inc. (PNTG) came out with quarterly earnings of $0.20 per share, beating the Zacks Consensus Estimate of $0.18 per share. This compares to earnings of $0.13 per share a year ago.

The Pennant Group, Inc. (PNTG) Tops Q1 Earnings and Revenue Estimates

Conference Call and Webcast scheduled for tomorrow, May 7, 2024 at 10:00 am MT Conference Call and Webcast scheduled for tomorrow, May 7, 2024 at 10:00 am MT

Pennant Reports First Quarter 2024 Results

EAGLE, Idaho, May 01, 2024 (GLOBE NEWSWIRE) -- The Pennant Group, Inc. (NASDAQ: PNTG), the parent company of the Pennant group of affiliated home health, hospice, home care and senior living companies, today announced that it has acquired the operations of Veranda Senior Living at Paramount, a 73 unit assisted living and memory care community located in Meridian, Idaho.

Pennant Acquires Senior Living Community in Idaho

EAGLE, Idaho, May 01, 2024 (GLOBE NEWSWIRE) -- The Pennant Group, Inc. (NASDAQ: PNTG), the parent company of the Pennant group of affiliated home health, hospice, home care and senior living companies, today announced that it has acquired South Davis Home Health and South Davis Hospice (“South Davis”), which provides skilled home health and hospice services in Davis County, Utah.

Pennant Acquires Utah Home Health and Hospice Provider

EAGLE, Idaho, April 23, 2024 (GLOBE NEWSWIRE) -- The Pennant Group, Inc. (NASDAQ: PNTG), the parent company of operating subsidiaries that provide home health, hospice and senior living services, announced today that it expects to issue its first quarter 2024 financial results on Monday, May 6, 2024. Pennant invites current and prospective investors to tune into a live webcast to be held the following day, Tuesday, May 7, 2024, at 10:00 a.m.

Pennant Announces First Quarter 2024 Earnings Release and Call

What Makes The Pennant Group, Inc. (PNTG) a Strong Momentum Stock: Buy Now?

EAGLE, Idaho, March 12, 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 Oppenheimer Healthcare MedTech & Services Conference on March 13, 2024. Lynette Walbom, Chief Financial Officer, and John Gochnour, President and Chief Operating Officer, will participate in a fireside chat that day at 10:00 a.m. Eastern Time. A live webcast of the event will be accessible on the Investor Relations section of Pennant's website at http://investor.pennantgroup.com.

Pennant Group to Participate in the 2024 Oppenheimer Healthcare MedTech & Services Conference

Here's Why The Pennant Group, Inc. (PNTG) is a Great Momentum Stock to Buy

The Pennant Group, Inc. (PNTG) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

What Makes The Pennant Group, Inc. (PNTG) a New Buy Stock

EAGLE, Idaho, March 01, 2024 (GLOBE NEWSWIRE) -- The Pennant Group, Inc. (NASDAQ: PNTG), the parent company of the Pennant group of affiliated home health, hospice, home care and senior living companies, today announced that it has acquired the real estate and operations of Capitol Hill Senior Living, a 113 unit assisted living and memory care community located in Salt Lake City, Utah and Southgate Senior Living, a 75 unit assisted living and memory care community in St. George, Utah. This acquisition is effective March 1, 2024.

Pennant Acquires Two Senior Living Communities in Utah

While the top- and bottom-line numbers for The Pennant Group, Inc. (PNTG) give a sense of how the business performed in the quarter ended December 2023, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

The Pennant Group, Inc. (PNTG) Q4 Earnings: Taking a Look at Key Metrics Versus Estimates

Conference Call and Webcast scheduled for tomorrow, February 29, 2024 at 10:00 am MT Conference Call and Webcast scheduled for tomorrow, February 29, 2024 at 10:00 am MT

Pennant Reports Fourth Quarter and Fiscal Year 2023 Results

Get a deeper insight into the potential performance of The Pennant Group, Inc. (PNTG) for the quarter ended December 2023 by going beyond Wall Street's top -and-bottom-line estimates and examining the estimates for some of its key metrics.

Ahead of The Pennant Group, Inc. (PNTG) Q4 Earnings: Get Ready With Wall Street Estimates for Key Metrics

EAGLE, Idaho, Feb. 14, 2024 (GLOBE NEWSWIRE) -- The Pennant Group, Inc. (NASDAQ: PNTG), the parent company of operating subsidiaries that provide home health, hospice and senior living services, announced today that it expects to issue its fourth quarter and fiscal year 2023 financial results on Wednesday, February 28, 2024.

Pennant Announces Fourth Quarter and Year-End 2023 Earnings Release and Call

The Pennant Group, Inc. (PNTG) made it through our 'Fast-Paced Momentum at a Bargain' screen and could be a great choice for investors looking for stocks that have gained strong momentum recently but are still trading at reasonable prices.

The Pennant Group, Inc. (PNTG) Is Attractively Priced Despite Fast-paced Momentum

The Pennant Group, Inc. (PNTG) was a big mover last session on higher-than-average trading volume. The latest trend in earnings estimate revisions might not help the stock continue moving higher in the near term.

The Pennant Group, Inc. (PNTG) Surges 8.4%: Is This an Indication of Further Gains?

EAGLE, Idaho, Jan. 02, 2024 (GLOBE NEWSWIRE) -- The Pennant Group, Inc. (NASDAQ: PNTG), the parent company of the Pennant group of affiliated home health, hospice, home care and senior living companies, today announced that it has closed on a home health joint venture with John Muir Health, a leading nonprofit integrated health system that serves communities throughout San Francisco's East Bay Region. The closing of the joint venture occurred effective January 1, 2024.

Pennant and John Muir Health Enter into a Home Health Joint Venture in the Bay Area, California

From a technical perspective, The Pennant Group, Inc. (PNTG) is looking like an interesting pick, as it just reached a key level of support. PNTG's 50-day simple moving average crossed above its 200-day simple moving average, which is known as a "golden cross" in the trading world.

News for Pennant Group Inc Stock (PNTG)