Brookdale Senior Living
The 10-second takeaway
For the quarter ended March 31 (Q1), Brookdale Senior Living met expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue grew. Non-GAAP earnings per share expanded. GAAP earnings per share grew.
Margins expanded across the board.
Brookdale Senior Living booked revenue of $712.3 million. The seven analysts polled by S&P Capital IQ foresaw revenue of $709.1 million on the same basis. GAAP reported sales were 18% higher than the prior-year quarter's $604.8 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at $0.04. The eight earnings estimates compiled by S&P Capital IQ forecast -$0.04 per share. Non-GAAP EPS were $0.04 for Q1 compared to -$0.06 per share for the prior-year quarter. GAAP EPS were $0.03 for Q1 against -$0.09 per share for the prior-year quarter.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 42.0%, 800 basis points better than the prior-year quarter. Operating margin was 5.4%, 50 basis points better than the prior-year quarter. Net margin was 0.5%, 220 basis points better than the prior-year quarter. (Margins calculated in GAAP terms.)
Next quarter's average estimate for revenue is $714.9 million. On the bottom line, the average EPS estimate is -$0.01.
Next year's average estimate for revenue is $2.83 billion. The average EPS estimate is -$0.03.
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 118 members out of 147 rating the stock outperform, and 29 members rating it underperform. Among 53 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 46 give Brookdale Senior Living a green thumbs-up, and seven give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Brookdale Senior Living is outperform, with an average price target of $30.20.
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