Senior living provider Brookdale Senior Living (NYSE: BKD) will be announcing earnings results this Wednesday after the bell. Here’s what you need to know.
Brookdale missed analysts’ revenue expectations last quarter, reporting revenues of $754.1 million, down 3.4% year on year. It was a slower quarter for the company, with a miss of analysts’ revenue estimates and full-year EBITDA guidance meeting analysts’ expectations.
Is Brookdale a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, the market is expecting Brookdale’s revenue to decline 5.2% year on year, a reversal from the 4% increase it recorded in the same quarter last year.
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.
Looking at Brookdale’s peers in the senior health, home health & hospice segment, some have already reported their Q1 results, giving us a hint as to what we can expect. BrightSpring Health Services delivered year-on-year revenue growth of 25.6%, beating analysts’ expectations by 6.3%, and Chemed reported revenues up 1.6%, topping estimates by 1.2%. BrightSpring Health Services traded up 11.6% following the results while Chemed was also up 10%.
Read our full analysis of BrightSpring Health Services’s results here and Chemed’s results here.
There has been positive sentiment among investors in the senior health, home health & hospice segment, with share prices up 5.7% on average over the last month. Brookdale’s stock price was unchanged during the same time and is heading into earnings with an average analyst price target of $19.10 (compared to the current share price of $14.03).
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