Brookdale Senior Living Reports 9.3% Revenue Increase for Q3 Fiscal Year 2023
November 20, 2023
☀️Earnings Overview
On November 6, 2023, BROOKDALE SENIOR LIVING ($NYSE:BKD) announced their earnings results for the third quarter (Q3) of fiscal year 2023, reporting total revenue of USD 754.7 million – a 9.3% increase from the same quarter the previous year. Net income was USD -48.8 million, compared to the USD -28.4 million reported in the same period of the prior year.
Analysis
Analyzing BROOKDALE SENIOR LIVING’s fundamentals, GoodWhale provides the following analysis. According to our Star Chart, BROOKDALE SENIOR LIVING is classified as a ‘rhino’, a type of company we conclude that has achieved moderate revenue or earnings growth. It has moderately strong scores in terms of its financials, but is weak in asset, dividend, and growth metrics. BROOKDALE SENIOR LIVING has an intermediate health score of 4/10 with regard to its cashflows and debt, meaning it might be able to safely ride out any crisis or economic downturn without the risk of bankruptcy. With its moderate revenue and earnings growth, BROOKDALE SENIOR LIVING may be attractive to value investors or growth investors who are looking for a stock with a low risk of bankruptcy and potential for capital gains. Additionally, the company is a potentially good option for dividend investors looking for a reliable yield. While it may not be the most exciting investment opportunity, BROOKDALE SENIOR LIVING could offer a stable and reliable return. More…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for BKD. More…
| Total Revenues | Net Income | Net Margin |
| 2.95k | -123.49 | -7.2% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for BKD. More…
| Operations | Investing | Financing |
| 85.07 | -145.68 | 69.08 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for BKD. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 5.83k | 5.34k | 2.61 |
Key Ratios Snapshot
Some of the financial key ratios for BKD are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| -6.8% | -65.4% | 3.9% |
| FCF Margin | ROE | ROA |
| -4.6% | 13.9% | 1.2% |
Peers
Brookdale Senior Living Inc. is one of the largest senior living providers in the United States. It is headquartered in Nashville, Tennessee and has over 1,000 senior living communities in 44 states. Brookdale’s competitors include Summerset Group Holdings Ltd, National Healthcare Corp, and Amedisys Inc.
– Summerset Group Holdings Ltd ($NZSE:SUM)
Summerset Group Holdings Ltd is a New Zealand-based company engaged in the manufacture, sale and provision of retirement village, homecare and cemetery services. The Company operates through three segments: Retirement Villages, Homecare Services and Cemeteries. It offers a range of products and services to meet the needs of retirees, their families and loved ones. The Company’s subsidiaries include Summerset Management Services Limited, which is engaged in the provision of management services to the Company’s retirement villages; Summerset Homes Limited, which is engaged in the design and construction of retirement village homes; and Summerset Cemeteries Limited, which is engaged in the operation of cemeteries.
– National Healthcare Corp ($NYSEAM:NHC)
National Healthcare Corporation is a diversified healthcare company that owns and operates long-term care facilities, retirement centers, and home health care businesses. The company has a market capitalization of 920.8 million as of 2022 and a return on equity of 2.92%. National Healthcare Corporation’s long-term care facilities provide skilled nursing, rehabilitation, and assisted living services to seniors. The company’s retirement centers offer independent and assisted living, as well as memory care services. National Healthcare Corporation’s home health care businesses provide home health care services, including skilled nursing, physical therapy, and home health aides.
– Amedisys Inc ($NASDAQ:AMED)
Amedisys Inc is a healthcare services company with a market cap of 2.98B as of 2022. The company has a return on equity of 11.56%. Amedisys Inc provides home health, hospice, and personal care services to patients in the United States. The company was founded in 1982 and is headquartered in Baton Rouge, Louisiana.
Summary
BROOKDALE SENIOR LIVING reported strong results for its fiscal year 2023 third quarter (Q3). Investors should closely monitor the company’s performance in the future as it strives to recover its losses. Going forward, analysts are looking for BROOKDALE to reduce expenses and improve margins, while also expanding its market presence. Overall, BROOKDALE remains a good option for investors looking for long-term growth opportunities in the senior living sector.
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