PACS Group, Inc. reports results for the quarter ended September 30 - Earnings Summary

• PACS Group, Inc. PACS.N reported quarterly adjusted earnings of 63 cents​​ per share for the quarter ended September 30, higher than the same quarter last year, when the company reported EPS of 44 cents. The mean expectation of six analysts for the quarter was for earnings of 59 cents per share. Wall Street expected results to range from 55 cents to 67 cents per share.

• Revenue rose 11.5% to $1.50 billion from a year ago; analysts expected $1.46 billion.

• PACS Group, Inc.'s reported EPS for the quarter was 37 cents​.

• The company reported quarterly net income of $60.82 million.

• PACS Group, Inc. shares had risen by 9.7% this quarter and gained 18.7% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 5.5% in the last three months.​

• In the last 30 days, there have been no negative revisions of earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 6 "strong buy" or "buy," no "hold" and no "sell" or "strong sell." The average consensus recommendation for the healthcare facilities & services peer group is also "buy"

• Wall Street's median 12-month price target for PACS Group, Inc. is $60.00, about 22.2% above its last closing price of $46.68

This summary was machine generated from LSEG data November 3 at 11:49 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)