National HealthCare's Q1 adjusted EPS rises

National Healthcare Properties, Inc. Class A
National HealthCare Corporation

National Healthcare Properties, Inc. Class A

NHP

0.00

National HealthCare Corporation

NHC

0.00


Overview

  • Senior care operator's Q1 net operating revenue rose 2.2% yr/yr

  • Adjusted diluted EPS for Q1 rose yr/yr

  • Adjusted net income for Q1 up 21% yr/yr, reflecting higher operating results


Outlook

  • Company did not provide specific guidance or outlook for the current or future periods in press release


Result Drivers

  • HIGHER SKILLED NURSING RATES - Q1 saw increases in skilled nursing per diem rates across Medicare, Managed Care, Medicaid, and Private Pay categories

  • STABLE PATIENT VOLUMES - Total skilled nursing patient days were largely unchanged yr/yr


Company press release: ID:nBw2LHQHVa


Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q1 Patient Revenues

$369.81 mln

Q1 Net Income

$36.10 mln

Q1 Income from operations

$32.25 mln


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