Ensign Group: Q1 Earnings Snapshot

SAN JUAN CAPISTRANO, Calif. (AP) — SAN JUAN CAPISTRANO, Calif. (AP) — The Ensign Group Inc. (ENSG) on Wednesday reported first-quarter profit of $68.8 million.

On a per-share basis, the San Juan Capistrano, California-based company said it had profit of $1.19. Earnings, adjusted for stock option expense and non-recurring costs, were $1.30 per share.

The results surpassed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.29 per share.

The provider of nursing and rehabilitative care services posted revenue of $1.01 billion in the period, which met Street forecasts.

Ensign Group expects full-year earnings to be $5.29 to $5.47 per share, with revenue in the range of $4.13 billion to $4.17 billion.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on ENSG at https://www.zacks.com/ap/ENSG

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