Ensign Group Posts Strong Q3 Results Amid Positive Outlook for Florida Expansion, RBC Says

12:50 PM EST, 11/03/2026 (MT Newswires) -- Ensign Group (ENSG) delivered strong Q3 financial results, with the recent expansion into Florida a positive element in the company's outlook, RBC Capital Markets said Monday in a note. Management acknowledged that Florida has historically been a challenging market for skilled nursing facility operators due to its active litigation environment, RBC said. But the rate environment now appears more stable and the regulatory backdrop ranks middle of the road compared with the company's existing markets, according to the note. Management is confident in sustaining its acquisition pace, noting a strong pipeline in 2027, consisting of portfolio deals and traditional one-off communities. The company raised its 2026 adjusted EPS guidance to $7.94 to $8.02 from $7.75 to $7.85 and its revenue outlook to $5.89 billion to $5.92 billion from $5.87 billion to $5.92 billion. RBC lifted its 2026 adjusted EPS estimate to $7.97 from $7.73 and its 2027 EPS estimate to $8.74 from $8.24. RBC maintained an outperform rating on Ensign and raised its price target to $239 from $228. Price: 183.04, Change: +3.97, Percent Change: +2.22