Brookdale Senior Living (BKD) reported earnings on Tue 1 Nov 16 (b/o)

** charts before earnings **

** charts after earnings **

Brookdale Senior Living misses by $0.17, misses on revs; updates outlook, announces $100 mln repurchase program  :

• Reports Q3 (Sep) loss of $0.28 per share, $0.17 worse than the two analyst estimate of ($0.11); revenues rose 0.6% year/year to $1.25 bln vs the $1.26 bln Capital IQ Consensus.
• The Company's Board of Directors has approved a share repurchase program that authorizes the Company to purchase up to $100.0 million in the aggregate of the Company's common stock, which replaces the prior repurchase authorization approved by the Board in 2011.
• The Company also announced that its Non-Executive Chairman Daniel A. Decker has been appointed to serve as Brookdale's Executive Chairman.
• Outlook:
  • Co now sees senior housing and ancillary services revenue of $4.15-4.2 bln (Prior $4.2-4.3 bln), now sees Adjusted EBITDA, excluding integration, transaction,
    transaction-related and strategic project costs of $818-828 mln (Prior $870-890 mln)
  • The Company is revising its full year capital expenditures expectations (excluding recurring capital expenditures that are included in CFFO) to be in a range of $200 million to $210 million. The foregoing guidance excludes the potential impact of any acquisition or disposition activity other than the planned or completed disposition of communities classified as held for sale as of September 30, 2016. The transactions with HCP and Blackstone separately announced today are not expected to have an impact on the 2016 guidance.