Group 1 - The recent minor pullback in gold prices followed a record high of $2,943, indicating a potential double top pattern [1] - Despite bearish trading activity, today's bullish price action suggests that the negative implications may have lessened, allowing for another attempt to rise [2] - A bull pennant pattern has formed on the daily chart for gold, with a rise above today's high of $2,937 signaling bullish potential [3] Group 2 - A sustained breakout above the bull pennant could confirm a bullish reversal, especially after the failed breakdown last Friday [4] - The situation surrounding a breakout above the $2,943 high indicates potential bearish pressure, as evidenced by a shooting star candlestick pattern from last week [5]

Group 1 - The Pennant Group, Inc. will release its fourth quarter and full year 2024 financial results on February 27, 2025 [1] - A live webcast for discussing the financial results is scheduled for February 28, 2025, at 10:00 a.m. Mountain Time [2] - The webcast will be available for replay until February 27, 2026 [3] Group 2 - The Pennant Group operates independent subsidiaries providing healthcare services, including home health, hospice, and senior living across multiple states [4]

Core Viewpoint - The Pennant Group, Inc. has acquired three senior living facilities in Idaho and Texas, enhancing its national footprint and commitment to quality care for seniors [1][2][3] Group 1: Acquisition Details - The acquisition includes one facility in Idaho under a triple net lease with an option to purchase, and two facilities in Texas under long-term triple net leases [1] - The acquisitions add 188 units to Pennant's operations, which include both assisted living and memory care services [2] Group 2: Strategic Importance - These acquisitions are part of Pennant's strategy to meet the increasing demand for senior living services and to provide personalized, high-quality care [2] - The CEO emphasized the importance of these facilities in expanding operations in key markets and creating vibrant communities for seniors [3] Group 3: Company Overview - The Pennant Group operates through independent subsidiaries providing healthcare services across multiple states, including Arizona, California, and Texas [4]

Core Insights - The Pennant Group, Inc. has acquired three senior living facilities in Idaho and Texas, effective February 1, 2025, enhancing its operational footprint and service offerings [1][2][3] Group 1: Acquisition Details - The acquisition includes one facility in Idaho under a triple net lease with an option to purchase, and two facilities in Texas under long-term triple net leases [1] - The transactions add 188 units to Pennant's operations, which include both assisted living and memory care services [2] Group 2: Strategic Commitment - These acquisitions reflect Pennant's commitment to expanding its national presence and improving the quality of care for senior residents [2][3] - The company aims to meet the increasing demand for senior living services, reinforcing its mission to provide personalized, high-quality care [2] Group 3: Leadership Statements - CEO Brent Guerisoli emphasized that these acquisitions are a significant step in expanding operations in key markets [3] - Andrew Rider, President of Pinnacle Senior Living LLC, highlighted the focus on long-term growth and exceptional care for residents in the newly acquired facilities [3]

EAGLE, Idaho, Jan. 02, 2025 (GLOBE NEWSWIRE) -- The Pennant Group, Inc. (NASDAQ: PNTG), the parent company of the Pennant group of affiliated home health, hospice, and senior living companies, today announced that it has closed on the purchase of certain Oregon assets of Signature Healthcare at Home (“Signature”). Pennant completed its purchase of Signature’s Idaho and Washington assets on August 1, 2024 and its purchase of certain of Signature’s Oregon assets on January 1, 2025, thus concluding the full tw ...

EAGLE, Idaho, Jan. 02, 2025 (GLOBE NEWSWIRE) -- The Pennant Group, Inc. (NASDAQ: PNTG), the parent company of the Pennant group of affiliated home health, hospice, and senior living companies, today announced the appointment of Brent Guerisoli as Chairman of its board of directors and Scott Lamb as Lead Independent Director of its board of directors, each effective January 1, 2025. Mr. Guerisoli and Mr. Lamb are existing directors of the Company. Mr. Guerisoli has served on Pennant’s board since 2023. He ha ...

EAGLE, Idaho, Nov. 11, 2024 (GLOBE NEWSWIRE) -- The Pennant Group, Inc. (NASDAQ: PNTG), the parent company of the Pennant group of affiliated home health, hospice and senior living companies, announced today that it will participate in the upcoming 2024 Stephens Annual Investment Conference on November 19-20, 2024. Brent Guerisoli, Chief Executive Officer, Lynette Walbom, Chief Financial Officer, and John Gochnour, President and Chief Operating Officer, will participate in a fireside chat on November 19, 20 ...

Financial Data and Key Metrics Changes - The company reported consolidated revenue of $180.7 million for Q3 2024, an increase of $40.5 million or 28.9% compared to the prior year quarter [6][19] - Adjusted EBITDA grew to $15.1 million, an increase of $4.3 million or 39.2% over the prior year quarter [6][19] - Adjusted earnings per share for the quarter were $0.26, an increase of $0.06 or 30% over the prior year quarter [6][19] Business Line Data and Key Metrics Changes - Home Health and Hospice segment revenue reached $135.7 million, up $34.2 million or 33.7% year-over-year, with same-store revenue growth of 12.2% [11] - Senior Living segment revenue was $45 million, a 16.3% increase over the prior year quarter, with adjusted EBITDA rising 43.8% [15] - The company added 125 units to its Senior Living portfolio through an acquisition in Northern Wisconsin [16] Market Data and Key Metrics Changes - Home health admissions improved by 38.5%, with Medicare home health admissions increasing by 30.8% [11] - Same-store occupancy in Senior Living reached 80.2%, a 100 basis point increase sequentially [15] - The company anticipates a net neutral impact on reimbursement per episode under the 2025 Final Rule [13][14] Company Strategy and Development Direction - The company is focused on leadership development, clinical excellence, employee experience, margin improvement, and growth [6] - A follow-on equity offering was conducted to manage the balance sheet and provide capital for growth, resulting in zero debt [8] - The company is optimistic about future acquisition opportunities, particularly in Senior Living and Home Health and Hospice segments [18] Management's Comments on Operating Environment and Future Outlook - Management noted an increase in regulatory enforcement and flat to declining reimbursement in home health, contrasting with previous administration patterns [28] - The company remains confident in its ability to maintain margins despite challenges in reimbursement rates [36] - Management raised annual guidance, anticipating total adjusted revenue of $665.3 million to $706.5 million for 2024 [9][21] Other Important Information - The company has a robust pipeline of acquisition opportunities and is focused on integrating recent acquisitions effectively [18] - The company highlighted exceptional performance from local leaders and teams, contributing to strong financial results [22][24] Q&A Session Summary Question: Thoughts on the regulatory backdrop under different administrations - Management noted significant increases in regulatory enforcement under the current administration compared to the previous one, impacting reimbursement patterns [28] Question: M&A strategy and capital allocation - The company is focused on investing in areas with strong local leadership and healthy markets, with a robust pipeline for both Home Health and Senior Living segments [30][31] Question: Home care revenue trends and M&A opportunities - Management confirmed that home care revenues are trending positively, with a focus on growing the non-skilled support side of the business [32][34] Question: Maintaining home health margins amid reimbursement challenges - Management expressed confidence in their operational model's ability to maintain and potentially grow margins despite flat reimbursement rates [36]

The Pennant Group, Inc. (PNTG) reported $180.69 million in revenue for the quarter ended September 2024, representing a year-over-year increase of 28.9%. EPS of $0.26 for the same period compares to $0.20 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $174.6 million, representing a surprise of +3.49%. The company delivered an EPS surprise of +13.04%, with the consensus EPS estimate being $0.23.While investors closely watch year-over-year changes in headline numbers -- revenue an ...

The Pennant Group, Inc. (PNTG) came out with quarterly earnings of $0.26 per share, beating the Zacks Consensus Estimate of $0.23 per share. This compares to earnings of $0.20 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 13.04%. A quarter ago, it was expected that this company would post earnings of $0.21 per share when it actually produced earnings of $0.24, delivering a surprise of 14.29%.Over the last four quarters, the ...