Preview of The Pennant Group (PNTG) Q3 Earnings Report: Key Insights to Anticipate
Earnings Announcement: The Pennant Group will announce its earnings results this Wednesday, having previously exceeded revenue expectations by 4.2% last quarter with revenues of $219.5 million, a 30.1% year-on-year increase.
Analyst Expectations: For the upcoming quarter, analysts expect revenue growth of 23% year-on-year to $222.3 million, with adjusted earnings projected at $0.29 per share, indicating a slowdown compared to last year's growth.
Market Performance: The Pennant Group has consistently beaten revenue estimates over the past two years, averaging a 4.8% beat, while its stock has seen a 3.7% decline over the past month, with an average analyst price target of $33.
Industry Context: Peers in the senior health sector, such as BrightSpring Health Services and Addus HomeCare, have reported strong revenue growth, suggesting a stable outlook for the industry as investors remain cautious ahead of earnings.
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The Pennant Group (PNTG) Sees Stock Increase: Here's the Reason Why
Stock Performance: Shares of The Pennant Group rose 4.5% following a positive consensus 'Buy' rating from analysts, with a potential upside of over 22% based on an average price target of $34.33.
Market Sentiment: The stock's rise was influenced by comments from New York Federal Reserve President John Williams, which increased expectations for an interest rate cut, boosting market confidence amid high valuations in AI stocks.
Wells Fargo Raises Rating on Pennant Group (PNTG)
Wells Fargo Upgrade: On November 18, 2025, Wells Fargo upgraded Pennant Group's outlook from Equal-Weight to Overweight, with an average one-year price target of $34.00/share, indicating a potential upside of 33.86% from its closing price of $25.40/share.
Institutional Ownership Trends: There are 401 funds reporting positions in Pennant Group, reflecting a 7.22% increase in ownership over the last quarter, with total shares owned by institutions rising by 2.79% to 35,470K shares.
Fund Sentiment: The put/call ratio for Pennant Group is 0.92, suggesting a bullish sentiment among investors, while several firms have adjusted their portfolio allocations, with some increasing and others decreasing their holdings.
Projected Financials: The projected annual revenue for Pennant Group is estimated at $550 million, representing a decrease of 35.06%, with a projected non-GAAP EPS of 0.98.
