For the current quarter, the 7.00 analysts offering adjusted EPS forecast have a consensus estimate of $0.59 a share, which would compare with $0.60 in the same quarter last year. They have a high estimate of $0.60 and a low estimate of $0.56. Revenue for the period is expected to total nearly $1.26B from $1.24B the year-ago period.
For the full year, 7.00 Wall Street analysts forecast this company would deliver earnings of 2.34 per share, with a high estimate of $2.50 and a low estimate of $1.51. It had reported earnings per share of $2.40 in the corresponding quarter of the previous year. Revenue for the period is expected to total nearly $5.05B versus 4.96B in the preceding year.
The analysts project the company to maintain annual growth of around 11.67% percent over the next five years as compared to an average growth rate of 12.58% percent expected for its competitors in the same industry.
Among the 6 analysts Data provided by Thomson/First Call tracks, the 12-month average price target for BKD is $24.67 but some analysts are projecting the price to go as high as $30.00. If the optimistic analysts are correct, that represents a 72 percent upside potential from the recent closing price of $17.45. Some sell-side analysts, particularly the bearish ones, have called for $20.00 price targets on shares of Brookdale Senior Living, Inc. (NYSE:BKD).
In the last reported results, the company reported earnings of $0.60 per share, while analysts were calling for share earnings of $0.63. It was an earnings surprise of -4.80%percent. In the matter of earnings surprises, the term Cockroach Effect is often implied. Cockroach Effect is a market theory that suggests that when a company reveals bad news to the public, there may be many more related negative events that have yet to be revealed. In the case of earnings surprises, if a company is suggesting a negative earnings surprise it means there are more to come.
Brookdale Senior Living Inc. owns and operates senior living communities in the United States. It operates through five segments: Retirement Centers, Assisted Living, Continuing Care Retirement Centers (CCRCs) Rental, Brookdale Ancillary Services, and Management Services. The Retirement Centers segment owns or leases communities comprising independent living and assisted living units in a single community that are primarily designed for middle to upper income senior citizens. The Assisted Living segment owns or leases communities consisting of freestanding, multi-story communities, and freestanding single story communities, which offer housing and 24-hour assistance with activities of daily life to mid-acuity frail and elderly residents. This segment also operates memory care communities for residents with Alzheimer’s disease and other dementias. The CCRCs – Rental segment owns or leases communities that offer various living arrangements and services to accommodate various levels of physical ability and health. The Brookdale Ancillary Services segment provides outpatient therapy, home health, and hospice services to residents of its communities, as well as to other senior living communities. The Management Services segment operates communities under the management agreements. As of December 31, 2015, the company operated 130 retirement center communities with 24,486 units; 915 assisted living communities with 62,567 units; and 78 CCRCs with 21,367 units, as well as owned or leased 959 communities with 81,067 units and provided management services with respect to 164 communities with 27,353 units for third parties or unconsolidated ventures. Brookdale Senior Living Inc. is headquartered in Brentwood, Tennessee.
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