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Healthcare Q2 Earnings Lined Up for Aug 4: SEM, AIRM & AHS
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We now have second-quarter results from 317 S&P 500 members that combined account for 73.5% of the index’s total market capitalization as per the Earnings Preview report. Total earnings for these 317 companies are down 3.3% from the same period last year on 0.9% lower revenues. However, the beat ratio looks reassuring, with 72.9% exceeding EPS estimates and 53.6% coming ahead of top-line expectations.
Medical is one of the seven sectors in the S&P 500 group. So far 63.5% of the total Medical sector has reported. The sector is expected to deliver 5.4% earnings growth on 10.5% higher revenues in the second quarter. This compares favorably with the projected decline for the S&P 500 index.
Healthcare is part of the broader medical sector. Here, we take a sneak peek into four healthcare stocks that are scheduled to report their second-quarter figures on Aug 4:
Select Medical Holdings (SEM - Free Report) is a healthcare company that owns long-term acute care and inpatient rehabilitation hospitals, as well as occupational health and physical therapy clinics. Last quarter, this company beat the estimate by 9.52%. Select Medical has an Earnings ESP of -8.33% as the Most Accurate estimate stands at 22 cents per share, a couple of cents below the Zacks Consensus Estimate. So, although the company carries a Zacks Rank #3 (Hold), surprise prediction is difficult.
With respect to the surprise trend, Select Medical surpassed expectations in each of the last four quarters, with an average beat of 5.49%.
Air Methods Corporation is an American publicly owned helicopter operator. Its Domestic Air Medical Division provides emergency medical services to 100,000 patients every year, and serves 48 states and Haiti. Last quarter, this company beat the estimate by 19.05%. Air Methods has an Earnings ESP of -8.00% as the Most Accurate Estimate stands at 69 cents per share, lower than the Zacks Consensus Estimate of 75 cents per share. The company carries a Zacks Rank #4 (Sell), which lowers the predictive power of ESP.
With respect to the surprise trend, Air Methods surpassed expectations in each of the last four quarters, with an average beat of 11.25%.
AMN Healthcare Services, Inc. provides healthcare workforce solutions and staffing services in the United States. It delivers managed services programs, healthcare executive search solutions, vendor management systems, recruitment process outsourcing, predictive modeling, medical coding and consulting, and other services. Last quarter, this company beat the estimate by 22.45%. Amn Healthcare has an Earnings ESP of 0.00% as the Most Accurate Estimate stands at 52 cents per share, in line with the Zacks Consensus Estimate. So, although the company sports a Zacks Rank #1 (Strong Buy), we cannot predict a positive surprise.
With respect to the surprise trend, Amn Healthcare surpassed expectations in each of the last four quarters, with an average beat of 23.59%.
Stay tuned! Check back on our full write-up on earnings releases of these stocks.
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Healthcare Q2 Earnings Lined Up for Aug 4: SEM, AIRM & AHS
We now have second-quarter results from 317 S&P 500 members that combined account for 73.5% of the index’s total market capitalization as per the Earnings Preview report. Total earnings for these 317 companies are down 3.3% from the same period last year on 0.9% lower revenues. However, the beat ratio looks reassuring, with 72.9% exceeding EPS estimates and 53.6% coming ahead of top-line expectations.
Medical is one of the seven sectors in the S&P 500 group. So far 63.5% of the total Medical sector has reported. The sector is expected to deliver 5.4% earnings growth on 10.5% higher revenues in the second quarter. This compares favorably with the projected decline for the S&P 500 index.
Healthcare is part of the broader medical sector. Here, we take a sneak peek into four healthcare stocks that are scheduled to report their second-quarter figures on Aug 4:
Select Medical Holdings (SEM - Free Report) is a healthcare company that owns long-term acute care and inpatient rehabilitation hospitals, as well as occupational health and physical therapy clinics. Last quarter, this company beat the estimate by 9.52%. Select Medical has an Earnings ESP of -8.33% as the Most Accurate estimate stands at 22 cents per share, a couple of cents below the Zacks Consensus Estimate. So, although the company carries a Zacks Rank #3 (Hold), surprise prediction is difficult.
With respect to the surprise trend, Select Medical surpassed expectations in each of the last four quarters, with an average beat of 5.49%.
SELECT MEDICAL Price and EPS Surprise
SELECT MEDICAL Price and EPS Surprise | SELECT MEDICAL Quote
Air Methods Corporation is an American publicly owned helicopter operator. Its Domestic Air Medical Division provides emergency medical services to 100,000 patients every year, and serves 48 states and Haiti. Last quarter, this company beat the estimate by 19.05%. Air Methods has an Earnings ESP of -8.00% as the Most Accurate Estimate stands at 69 cents per share, lower than the Zacks Consensus Estimate of 75 cents per share. The company carries a Zacks Rank #4 (Sell), which lowers the predictive power of ESP.
With respect to the surprise trend, Air Methods surpassed expectations in each of the last four quarters, with an average beat of 11.25%.
AIR METHODS CRP Price and EPS Surprise
AIR METHODS CRP Price and EPS Surprise | AIR METHODS CRP Quote
AMN Healthcare Services, Inc. provides healthcare workforce solutions and staffing services in the United States. It delivers managed services programs, healthcare executive search solutions, vendor management systems, recruitment process outsourcing, predictive modeling, medical coding and consulting, and other services. Last quarter, this company beat the estimate by 22.45%. Amn Healthcare has an Earnings ESP of 0.00% as the Most Accurate Estimate stands at 52 cents per share, in line with the Zacks Consensus Estimate. So, although the company sports a Zacks Rank #1 (Strong Buy), we cannot predict a positive surprise.
With respect to the surprise trend, Amn Healthcare surpassed expectations in each of the last four quarters, with an average beat of 23.59%.
AMN HLTHCR SVCS Price and EPS Surprise
AMN HLTHCR SVCS Price and EPS Surprise | AMN HLTHCR SVCS Quote
Stay tuned! Check back on our full write-up on earnings releases of these stocks.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>