Encompass Health (EHC - Free Report) reported $1.32 billion in revenue for the quarter ended March 2024, representing a year-over-year increase of 13.4%. EPS of $1.12 for the same period compares to $0.88 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $1.27 billion, representing a surprise of +3.60%. The company delivered an EPS surprise of +20.43%, with the consensus EPS estimate being $0.93.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Encompass Health performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Net patient revenue per discharge: $20,990 compared to the $20,895.64 average estimate based on two analysts.
- Total Discharges: 61,111 versus the two-analyst average estimate of 59,601.
- Revenues- Inpatient Rehabilitation: $1.28 billion versus $1.25 billion estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +13.1% change.
- Revenues- Outpatient and other: $33.30 million versus $27.56 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +27.1% change.
View all Key Company Metrics for Encompass Health here>>>Shares of Encompass Health have returned +7.5% over the past month versus the Zacks S&P 500 composite's -3% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term.
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Encompass Health (EHC - Free Report) reported $1.32 billion in revenue for the quarter ended March 2024, representing a year-over-year increase of 13.4%. EPS of $1.12 for the same period compares to $0.88 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $1.27 billion, representing a surprise of +3.60%. The company delivered an EPS surprise of +20.43%, with the consensus EPS estimate being $0.93.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Encompass Health performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Net patient revenue per discharge: $20,990 compared to the $20,895.64 average estimate based on two analysts.
- Total Discharges: 61,111 versus the two-analyst average estimate of 59,601.
- Revenues- Inpatient Rehabilitation: $1.28 billion versus $1.25 billion estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +13.1% change.
- Revenues- Outpatient and other: $33.30 million versus $27.56 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +27.1% change.
View all Key Company Metrics for Encompass Health here>>>Shares of Encompass Health have returned +7.5% over the past month versus the Zacks S&P 500 composite's -3% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term.
Highest Returns for Any Asset Class
It’s not even close. Despite ups and downs, Bitcoin has been more profitable for investors than any other decentralized, borderless form of money.
No guarantees for the future, but in the past three presidential election years, Bitcoin’s returns were as follows: 2012 +272.4%, 2016 +161.1%, and 2020 +302.8%. Zacks predicts another significant surge in months to come.
Hurry, Download Special Report – It’s FREE >>
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