US Physical Therapy Earnings: Here’s Why Investors are Selling Shares Now

US Physical Therapy Inc. (NASDAQ:USPH) delivered a profit and missed Wall Street’s expectations, BUT beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are down 3.29%.

US Physical Therapy Inc. Earnings Cheat Sheet

Results: Adjusted Earnings Per Share were the same at $0.41 in the quarter as EPS of $0.41 in the year-earlier quarter.

Revenue: Rose 5.1% to $67.22 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: US Physical Therapy Inc. reported adjusted EPS income of $0.41 per share. By that measure, the company missed the mean analyst estimate of $0.42. It beat the average revenue estimate of $66.49 million.

Quoting Management: Chris Reading, Chief Executive Officer, said, “For the quarter our team made solid progress from the first quarter although we have more work to do. Development activity has been strong so far this year and we expect that to continue as our active discussions with physical therapy owners continue to be very steady. We remain focused on growing and improving our core physical therapy business and continuing our progress with our Fit2WRK workplace solutions.”

Key Stats (on next page)…

Revenue increased 6.53% from $63.1 million in the previous quarter. EPS increased 32.26% from $0.31 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 $0.39 to a profit $0.41. For the current year, the average estimate has moved up from a profit of $1.51 to a profit of $1.53 over the last ninety days.

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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)

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