The Regis Healthcare Ltd (ASX: REG) share price has been amongst the worst performers on the market today.
At the close the aged care operator’s shares are down almost 7% to $3.44.
Why have they fallen?
Today’s decline appears to be a delayed reaction to Regis’ full-year results release on Friday.
Although the company posted an 8% lift in net profit, management expects EBITDA to be flat in FY 2018.
It’s not the only one in the industry with a weak outlook. This morning rival Japara Healthcare Ltd (ASX: JHC) announced its full-year results, which revealed that it too expects EBITDA to be flat this year. Unsurprisingly its shares have also tumbled lower today as well.
Unlike the Estia Health Ltd (ASX: EHE) share price which has continued to edge higher. Estia appears to be the exception in the industry right now, it is forecasting mid-single digit EBITDA growth in FY 2018.
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Motley Fool contributor Motley Fool Staff has no position in any stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.