The Pennant Group Inc is a healthcare services company that specializes in providing high-quality, home healthcare and senior living services across the United States
The company operates through a network of subsidiaries that deliver personalized care to patients in their homes and within various community settings, focusing on enhancing the quality of life and independence of seniors and individuals with complex health needs. By integrating innovative care models and fostering partnerships with healthcare providers, Pennant aims to create a supportive environment that promotes wellness and improves overall patient outcomes.
Senior living provider The Pennant Group (NASDAQPNTG) reported Q4 CY2024 results exceeding the market’s revenue expectations, with sales up 29.4% year on year to $188.9 million. The company’s full-year revenue guidance of $832.5 million at the midpoint came in 2% above analysts’ estimates. Its non-GAAP profit of $0.24 per share was in line with analysts’ consensus estimates.
Let’s dig into the relative performance of The Pennant Group (NASDAQPNTG) and its peers as we unravel the now-completed Q3 senior health, home health & hospice earnings season.
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Pennant Group (PNTG) has shown strong technical indicators with a 53.82% gain since Trend Seeker's buy signal on 7/1 and a 215.47% gain in the last year. The company operates in home health, hospice, and senior living services
As of March 28, 2024, five stocks in the health care sector could be flashing a real warning to investors who value momentum as a key criteria in their trading decisions.
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