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.
