Brookdale Senior Living Inc. (BKD) went up by 1.54% in the aftermarket, at $5.95 against its last close at $5.86 on November 30. The stock lost 6.98% during the normal market session at a volume of 6.26 million shares. During the day, the stock oscillated between a high of $6.31 and a low of $5.84. While the 52-week range puts the stock in a range of $3.97 and $8.95 at an average 65-day volume of 2.71 million. The stock has gone down by 9.15% in the last five trading sessions and lost 11.08% last month. Moreover, BKD stock has lost 19.73% in the last three months while it gained 32.28% year to date. Currently, the 185.36 million outstanding shares of BKD stock trade at a market capital of $1.17 billion. The stock seems to be recovering from its losses on positive stock sentiments.
Founded in 1978, Brookdale Senior Living Inc. (BKD) engages in the operation of senior living communities.
BKD’s Recent Movements
After beating the consensus estimate for Q3 EPS on November 04, the stock became bullish, reaching $7.70 on November 08. BKD reached the value of $7.70 after more than 90 days, making it a big step in the stock’s recent timeline. Soon after the gain, the stock was subjected to multiple profit booking events. But the stock could not enter green for long because news of problems faced by nursing homes emerged due to high demand.
While high demand in itself seemed to be good news. But the inability of most nursing homes including Brookdale to deal with the surplus supply. Many related reasons like occupancy levels, strong competition in the market, the soaring cost of labor. And operating expenses due to inflation and technological investment were are also responsible.
But finally, the BKD stock seems to be recovering on positive stock sentiments as it entered green in the after-hours on Tuesday.
Q3 Financial Results
On November 04, Brookdale Senior Living Inc. (BKD) announced its financial results for the quarter ended September 30, 2021. According to the third quarter of 2021, the total revenue was $641.65 million against 807.98 million in the year-ago period. The revenue missed the consensus estimate by 1.36% for the third quarter of 2021.
Moreover, the net income (loss) per diluted share was $0.89 for the third quarter of 2021, against $(0.68) in the third quarter of 2020. While the consensus estimate for loss per share was $(0.42).
