Senior living provider Brookdale Senior Living (NYSE: BKD) will be announcing earnings results this Thursday after the bell. Here’s what to expect.
Brookdale missed analysts’ revenue expectations by 0.6% last quarter, reporting revenues of $812.9 million, up 4.6% year on year. It was a softer quarter for the company, with a significant miss of analysts’ EPS estimates and a slight miss of analysts’ revenue estimates.
Is Brookdale a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, analysts are expecting Brookdale’s revenue to grow 5.5% year on year to $827.4 million, improving from the 3.5% increase it recorded in the same quarter last year. Adjusted loss is expected to come in at -$0.19 per share.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Brookdale has missed Wall Street’s revenue estimates six times over the last two years.
Looking at Brookdale’s peers in the senior health, home health & hospice segment, some have already reported their Q3 results, giving us a hint as to what we can expect. BrightSpring Health Services delivered year-on-year revenue growth of 14.7%, beating analysts’ expectations by 5.3%, and Addus HomeCare reported revenues up 25%, topping estimates by 2.2%. BrightSpring Health Services’s stock price was unchanged after the resultswhile Addus HomeCare was down 5.6%.
Read our full analysis of BrightSpring Health Services’s results here and Addus HomeCare’s results here.
Investors in the senior health, home health & hospice segment have had steady hands going into earnings, with share prices flat over the last month. Brookdale is up 14.3% during the same time and is heading into earnings with an average analyst price target of $8.25 (compared to the current share price of $9.17).
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