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Universal Health Services (UHS) Reports Q3 Earnings: What Key Metrics Have to Say

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For the quarter ended September 2023, Universal Health Services (UHS - Free Report) reported revenue of $3.56 billion, up 6.8% over the same period last year. EPS came in at $2.55, compared to $2.54 in the year-ago quarter.

The reported revenue compares to the Zacks Consensus Estimate of $3.53 billion, representing a surprise of +0.93%. The company delivered an EPS surprise of +8.97%, with the consensus EPS estimate being $2.34.

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.

As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.

Here is how Universal Health Services performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:

  • Hospitals owned and leased - Acute care hospitals: 27 versus 28 estimated by two analysts on average.
  • Admissions - Acute care hospitals - Same facility basis: 80,074 versus the two-analyst average estimate of 80,756.
  • Hospitals owned and leased - Behavioral health centers: 331 versus the two-analyst average estimate of 332.
  • Net Revenues- Behavioral health services: $1.54 billion versus the four-analyst average estimate of $1.53 billion. The reported number represents a year-over-year change of +7.5%.
  • Net Revenues- Acute care hospital services: $2.02 billion versus $1.99 billion estimated by four analysts on average. Compared to the year-ago quarter, this number represents a +5.1% change.
  • Operating Income- Behavioral Health Care Services: $262.34 million versus the three-analyst average estimate of $250.83 million.
  • Operating Income- Acute Care Hospital Services: $131.42 million versus $112.91 million estimated by three analysts on average.
View all Key Company Metrics for Universal Health Services here>>>

Shares of Universal Health Services have returned -1.1% over the past month versus the Zacks S&P 500 composite's -1.6% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.

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