Select Medical Holdings Earnings: Here’s Why Shares are Up Now
Select Medical Holdings Corporation (NYSE:SEM) delivered a profit and missed Wall Street’s expectations, AND came up short on beating the revenue expectation. The revenue miss is a negative sign to shareholders seeking high growth out of the company. Shares are up 3.47%.
Select Medical Holdings Corporation Earnings Cheat Sheet
Results: Adjusted Earnings Per Share decreased 13.79% to $0.25 in the quarter versus EPS of $0.29 in the year-earlier quarter.
Revenue: Rose 0.8% to $749.95 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Select Medical Holdings Corporation reported adjusted EPS income of $0.25 per share. By that measure, the company missed the mean analyst estimate of $0.27. It missed the average revenue estimate of $760.59 million.
Quoting Management: There was no comment from the management.
Key Stats (on next page)…
Revenue increased 1.2% from $741.09 million in the previous quarter. EPS decreased 10.71% from $0.28 in the previous quarter.
Looking Forward: Analysts have a more positive outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has risen from a profit of $0.25 to a profit $0.27. For the current year, the average estimate has moved down from a profit of $1.02 to a profit of $1 over the last ninety days.
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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)