Pennant Group PNTG reported its Q3 earnings results on Monday, November 8, 2021 at 04:50 PM.
Here's what investors need to know about the announcement.
Pennant Group their estimated earnings by 50.0%, reporting an EPS of $0.11 versus an estimate of $0.22, which surprised analysts.
Revenue was up $13,524,000 from the same period last year.
Past Earnings Performance
Last quarter the company missed on EPS by $0.03, which was followed by a 3.03% drop in the share price the next day.
Here's a look at Pennant Group's past performance:
|Quarter||Q2 2021||Q1 2021||Q4 2020||Q3 2020|
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
Pennant Group management provided guidance for their next quarter, expecting earnings between $0.11 and $0.11 per share for the nextquarter.
This represents a 0.0% in quarter-over-quarter growth for Pennant Group, a bearish signal to many investors.
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