Senior living provider Brookdale Senior Living (NYSE:BKD) will be announcing earnings results tomorrow afternoon. Here’s what to look for. Brookdale met analysts’ revenue expectations last quarter, reporting revenues of $780.9 million, up 3.5% year on year. It was a slower quarter for the company, with a significant miss of analysts’ EPS estimates. Is Brookdale a buy or sell going into earnings? Read our full analysis here, it’s free. This quarter, analysts are expecting Brookdale’s revenue to grow 4.4% year on year to $816.9 million, in line with the 3.9% increase it recorded in the same quarter last year. Adjusted loss is expected to come in at -$0.14 per share.Brookdale Total Revenue Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Brookdale has missed Wall Street’s revenue estimates four times over the last two years. Looking at Brookdale’s peers in the senior health, home health & hospice segment, some have already reported their Q1 results, giving us a hint as to what we can expect. Option Care Health delivered year-on-year revenue growth of 16.3%, beating analysts’ expectations by 6.1%, and Chemed reported revenues up 9.8%, topping estimates by 0.8%. Option Care Health traded down 2% following the results while Chemed was also down 6.9%. Read our full analysis of Option Care Health’s results here and Chemed’s results here. There has been positive sentiment among investors in the senior health, home health & hospice segment, with share prices up 4.9% on average over the last month. Brookdale is up 17.7% during the same time and is heading into earnings with an average analyst price target of $7.40 (compared to the current share price of $6.58). Unless you’ve been living under a rock, it should be obvious by now that generative AI is going to have a huge impact on how large corporations do business. While Nvidia and AMD are trading close to all-time highs, we prefer a lesser-known (but still profitable) semiconductor stock benefiting from the rise of AI. Click here to access our free report on our favorite semiconductor growth story. View Comments
Brookdale (BKD) To Report Earnings Tomorrow: Here Is What To Expect
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