Ensign Revenue Reaches $1.48 Billion, Missing Estimates, While Profitability Beats Them
Key Facts
Ensign Group reported third-quarter 2026 revenue of $1.48 billion, $21.90 million below the average estimate of $1.51 billion, according to earnings data cited by MarketBeat. By contrast, the company posted GAAP diluted earnings per share of $1.76 and adjusted earnings per share of $2.03, according to its results statement. GAAP diluted EPS rose 23.9% year over year, while adjusted EPS increased 23.8%. GAAP net income was $104.3 million, up 24.4% from the same quarter a year earlier. Adjusted net income reached $120.5 million, up 24.9%, as earnings growth contrasted with revenue falling short of market estimates.
Ensign raised its 2026 adjusted earnings guidance to a range of $8.00 to $8.10 per diluted share, from its previous range of $7.75 to $7.85, according to the company statement. The update follows the company’s post-second-quarter increase to its annual revenue guidance, to between $5.87 billion and $5.92 billion from $5.81 billion to $5.86 billion. Available information does not include a new revenue guidance figure after the third-quarter results, so the announced update here is limited to adjusted earnings guidance. Second-quarter 2026 revenue was $1,440,481 thousand, compared with $1,227,769 thousand in the second quarter of 2025. This places the third-quarter results in the context of a prior quarter that saw revenue growth and an upward revision to annual guidance.
Operating indicators showed occupancy at existing facilities of 84.1% in the third quarter, while transitional facilities reached 86.1%. Occupancy in the two categories rose 1.6% and 3.9%, respectively, compared with the same quarter a year earlier, according to the results statement. Standard Bearer revenue was also $47.7 million, up 46.3% year over year. Funds from operations totaled $27.3 million, up 41.3% from the year-earlier period. These figures provide operating indicators alongside growth in net income and earnings per share, while total revenue remained below estimates.
The company ended the third quarter operating 350 facilities, compared with 315 at the end of the same quarter in 2025, according to its statement. Ensign had previously announced that it would release its third-quarter results on October 27, 2026. Its shares, traded under the ticker ENSG, closed at $176.92 on October 26, according to EL7 data. The company scheduled an online webcast to discuss its performance on October 28, 2026, at 10:00 a.m. Pacific Time, or 1:00 p.m. Eastern Time. The scheduled discussion is expected to provide an opportunity to follow details of the results and the updated annual earnings guidance.