The Ensign (ENSG)
NASDAQ:ENSG
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Earnings Data
Report Date
Jul 23, 2026After Close (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
1.85Last Year’s EPS
1.59Same Quarter Last Year
Moderate Buy
Based on 3 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveyed multiple strong operational and financial positives: record occupancy, meaningful year-over-year revenue and EPS growth, raised guidance, disciplined balance sheet with ample liquidity, accelerating M&A and strong clinical outcomes across the portfolio. Lowlights were largely forward-looking risks and transitional items (ERP implementation, short-term EPS drag from turnaround deals, seasonality and potential state budget uncertainty) rather than current performance shortfalls. Overall the positive items materially outweigh the manageable and disclosed risks.Company Guidance
Record Occupancy and Census Momentum
Same-store occupancy reached a record 84.3% and transitioning occupancy 85.1% in Q1; same-store and transitioning managed care and Medicare census increased sequentially by 6.2% and 8.3% (Q4 to Q1), demonstrating strong demand and sequential growth.
Improved Skilled Mix and Medicare Revenue
Same-store and transitioning operations: skilled revenue and skilled days increased by 9.6% and 5.1% year-over-year; Medicare revenue increased 9.8% (same-store) and 9.2% (transitioning) versus prior-year quarter.
Strong Financial Results (Q1 FY2026)
GAAP diluted EPS $1.67, up 21.9%; adjusted diluted EPS $1.85, up 21.7%. Consolidated GAAP and adjusted revenues of $1.4 billion, up 18.4%. GAAP net income $99.7 million, up 24.2%; adjusted net income $110.2 million, up 23.9%.
Raised Full-Year Guidance
2026 earnings guidance increased to $7.48–$7.62 per diluted share (from $7.41–$7.61) and revenue guidance to $5.81–$5.86 billion (from $5.77–$5.84B). Midpoint of earnings guidance implies ~15% growth over 2025 and 37% over 2024.
Robust M&A and Portfolio Growth
Added 22 operations during the quarter (21 real estate assets); since 2025 total acquisitions noted at 71 and since 2024 referenced as 99 closed/transitions. Added 2,662 skilled nursing beds, 100 senior living units and 55 independent living units; portfolio expansion weighted to high-growth markets (notably Texas).
High Clinical Quality and Outcomes
Same-store affiliated facilities outperformed peers by 22% (state-level) and 31% (county-level) in annual survey results; outperformed in 5-star quality measures by 24% nationally and 20% at state level. 85% of operations at 4- or 5-star quality measures.
Notable Facility Turnarounds Driving Growth
Sun West (Phoenix): revenue +10% YoY, skilled mix days +21%, managed care +37%, EBIT +43% YoY. Mystic Park (San Antonio): skilled mix days +61% YoY, revenue +19% YoY, earnings +163% YoY and now 5-star in quality measures/top 10% CMS discharge function scores.
Strong Balance Sheet and Liquidity
Cash and cash equivalents $539.5 million, cash flow from operations $100.2 million. Spent >$60 million on growth in Q1 while keeping lease-adjusted net debt-to-EBITDA at 1.73x. More than $592 million available on line of credit; combined with cash gives >$1 billion available for investments.
Standard Bearer REIT Performance
Standard Bearer generated rental revenue of $36.1 million in the quarter ($30.8 million from Ensign-affiliated operations), FFO $21.6 million, and EBITDAR-to-rent coverage of 2.7x; REIT now comprises 173 owned properties (diversifying tenant base with 37 third-party leases).
Operational Improvements in Labor & Retention
Reduced reliance on agency staffing, stable wage growth, improved turnover metrics including a 32% decline in directors of nursing turnover over the past two years; overtime and labor-management metrics noted as improving.
ENSG Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
ENSG Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Apr 30, 2026 | $186.69 | $183.72 | -1.59% |
Feb 04, 2026 | $173.12 | $197.10 | +13.85% |
Nov 03, 2025 | $183.75 | $183.85 | +0.05% |
Jul 24, 2025 | $137.62 | $149.90 | +8.92% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does The Ensign (ENSG) report earnings?
The Ensign (ENSG) is schdueled to report earning on Jul 23, 2026, After Close (Confirmed).
What is The Ensign (ENSG) earnings time?
The Ensign (ENSG) earnings time is at Jul 23, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is ENSG EPS forecast?
ENSG EPS forecast for the fiscal quarter 2026 (Q2) is 1.85.