Earnings Beat for Ensign Group in Q4, Full-Year Guidance Issued
SAN JUAN CAPISTRANO, Calif. (AP) - The Ensign Group Inc. (ENSG) reported strong financial performance for the fourth quarter and full year, with earnings surpassing Wall Street expectations.
Q4 Highlights:
* Net income of $79.7 million, or $1.36 per share on a basic basis
* Adjusted earnings per share of $1.49
* Revenue of $1.13 billion
Full-Year Results:
* Profit of $298 million, or $5.12 per share
* Revenue of $4.26 billion
Guidance:
For the full year 2023, Ensign Group forecasts earnings per share between $6.16 and $6.34, and revenue in the range of $4.83 billion to $4.91 billion.
The company's positive results reflect strong demand for its nursing and rehabilitative care services.