Ensign Group Q2 profit beats on higher occupancy rates
ENSG•ENSG•ENSG•ENSG•| Metric | Beat/Miss | Actual | Consensus Estimate |
|---|---|---|---|
| Q2 Rental Revenue | $7.98 mln | ||
| Q2 Adjusted EPS | Beat | $1.92 | $1.84 (4 Analysts) |
| Q2 EPS | $1.68 | ||
| Q2 Net Income | $99.83 mln | ||
| Q2 Operating Income | $122.50 mln | ||
| Q2 Service Revenue | $1.43 bln |
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 5 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell".
The average consensus recommendation for the healthcare facilities & services peer group is "buy".
Wall Street's median 12-month price target for Ensign Group, Inc. is $222.38, about 28.6% above its July 24 closing price of $172.99.
The stock recently traded at 22 times the next 12-month earnings vs. a P/E of 26 three months ago.
Ensign Group reported second-quarter profit that beat expectations, helped by higher occupancy rates and increased skilled mix revenue and days.
CEO Barry Port said higher occupancy rates and increased skilled mix revenue and days drove growth.
Chief Investment Officer Chad Keetch said the addition of 20 new operations, including real estate assets, contributed to revenue growth.
The company also cited superior CMS quality ratings and lower rehospitalization rates as supporting demand and financial results.
Ensign raised its 2026 annual EPS guidance to $7.75-$7.85 from $7.48-$7.62.
The company also raised 2026 annual revenue guidance to $5.87 billion-$5.92 billion from $5.81 billion-$5.86 billion.
It expects to maintain a healthy pace of acquisitions through Q3 2026.
