Recap: Pennant Group Q3 Earnings - Pennant Gr (NASDAQ:PNTG)

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.

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
EPS Estimate	0.20	0.19	0.20	0.17
EPS Actual	0.17	0.11	0.17	0.18
Revenue Estimate	107.12M	104.73M	100.41M	95.81M
Revenue Actual	110.34M	105.66M	107.97M	98.40M

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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