We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Hospital Stock Q3 Earnings Slated for Nov 1: ACHC & ADPT
Read MoreHide Full Article
The Q3 earnings season, which is presently in full swing, is projected to be the first quarter to see positive earnings growth after five quarters of decline.
Medical is one of the major broader sectors among the 16 Zacks sectors in the S&P 500 cohort that is expected to report earnings growth in the third quarter. The sector is likely to report earnings growth of 6% on revenue improvement of 7.3%.
As per the latest Earnings Preview, 291 S&P 500 members have posted their quarterly numbers as of Oct 28. Notably, reported earnings increased 2.2% year over year on a 1.3% surge in revenues and the beat ratio is 73.5% for earnings and 57.4% for revenues.
Hospital is an important component in the Medical universe and is expected follow the same earnings growth trajectory in the quarter. Here, we take a quick look at two hospital stocks scheduled to report their third-quarter figures on Nov 1:
Headquartered in Franklin, TN, Acadia Healthcare Company Inc. (ACHC - Free Report) provides behavioral health care services in the U.S. and the U.K. In the last reported quarter, the company posted adjusted earnings of 73 cents per share, which beat the Zacks Consensus Estimate by a penny.
Of the major developments, the strategic tie-up with Ochsner Health System in the quarter for the establishment of an 82-bed acute psychiatric hospital in the greater New Orleans metropolitan area should expand the company’s networks to a great extent. The company has also been chosen as a provider of behavioral health and addiction treatment services to the FBI National Academy Associates, one of the world’s strongest law enforcement networks.
However, our proven model does not conclusively show that the company is likely to beat earnings, given the combination of a Zacks Rank #5 (Strong Sell) and an Earnings ESP of 0.00%. Please check our Earnings ESP Filter that enables you to find stocks that are expected to come out with earnings surprises.
That is because, as per our model, a stock needs to have both a positive earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 to beat earnings. Simultaneously, we caution against stocks with a Zacks Rank #4 or 5 (Sell-rated) going into the earnings announcement, especially when the company is seeing negative estimate revisions.
Based in Lewisville, TX, Adeptus Health, Inc. (ADPT - Free Report) owns and operates First Choice Emergency Room, the network of independent freestanding emergency rooms in the U.S. In the last reported quarter, the company posted adjusted earnings of 43 cents per share, beating the Zacks Consensus Estimate by 5 cents.
We are upbeat about Adeptus’ solid system-wide net patient services platform. In fact, the joint venture with Texas Health Resources, one of the country's largest nonprofit health systems, earlier this year is expected to prove accretive in the quarter.
Nevertheless, our proven model does not conclusively show that the company is likely to beat earnings, given the combination of a Zacks Rank #5 and earnings ESP of 0.00%.
Today's investment ideas are short-term, directly based on our proven 1 to 3 month indicator. In addition, I invite you to consider our long-term opportunities. These rare trades look to start fast with strong Zacks Ranks, but carry through with double and triple-digit profit potential. Starting now, you can look inside our home run, value, and stocks under $10 portfolios, plus more. Click here for a peek at this private information>>
See More Zacks Research for These Tickers
Pick one free report - opportunity may be withdrawn at any time
Image: Bigstock
Hospital Stock Q3 Earnings Slated for Nov 1: ACHC & ADPT
The Q3 earnings season, which is presently in full swing, is projected to be the first quarter to see positive earnings growth after five quarters of decline.
Medical is one of the major broader sectors among the 16 Zacks sectors in the S&P 500 cohort that is expected to report earnings growth in the third quarter. The sector is likely to report earnings growth of 6% on revenue improvement of 7.3%.
As per the latest Earnings Preview, 291 S&P 500 members have posted their quarterly numbers as of Oct 28. Notably, reported earnings increased 2.2% year over year on a 1.3% surge in revenues and the beat ratio is 73.5% for earnings and 57.4% for revenues.
Hospital is an important component in the Medical universe and is expected follow the same earnings growth trajectory in the quarter. Here, we take a quick look at two hospital stocks scheduled to report their third-quarter figures on Nov 1:
Headquartered in Franklin, TN, Acadia Healthcare Company Inc. (ACHC - Free Report) provides behavioral health care services in the U.S. and the U.K. In the last reported quarter, the company posted adjusted earnings of 73 cents per share, which beat the Zacks Consensus Estimate by a penny.
ACADIA HEALTHCR Price and EPS Surprise
ACADIA HEALTHCR Price and EPS Surprise | ACADIA HEALTHCR Quote
Of the major developments, the strategic tie-up with Ochsner Health System in the quarter for the establishment of an 82-bed acute psychiatric hospital in the greater New Orleans metropolitan area should expand the company’s networks to a great extent. The company has also been chosen as a provider of behavioral health and addiction treatment services to the FBI National Academy Associates, one of the world’s strongest law enforcement networks.
However, our proven model does not conclusively show that the company is likely to beat earnings, given the combination of a Zacks Rank #5 (Strong Sell) and an Earnings ESP of 0.00%. Please check our Earnings ESP Filter that enables you to find stocks that are expected to come out with earnings surprises.
That is because, as per our model, a stock needs to have both a positive earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 to beat earnings. Simultaneously, we caution against stocks with a Zacks Rank #4 or 5 (Sell-rated) going into the earnings announcement, especially when the company is seeing negative estimate revisions.
Based in Lewisville, TX, Adeptus Health, Inc. (ADPT - Free Report) owns and operates First Choice Emergency Room, the network of independent freestanding emergency rooms in the U.S. In the last reported quarter, the company posted adjusted earnings of 43 cents per share, beating the Zacks Consensus Estimate by 5 cents.
We are upbeat about Adeptus’ solid system-wide net patient services platform. In fact, the joint venture with Texas Health Resources, one of the country's largest nonprofit health systems, earlier this year is expected to prove accretive in the quarter.
ADEPTUS HEALTH Price and EPS Surprise
ADEPTUS HEALTH Price and EPS Surprise | ADEPTUS HEALTH Quote
Nevertheless, our proven model does not conclusively show that the company is likely to beat earnings, given the combination of a Zacks Rank #5 and earnings ESP of 0.00%.
You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Looking for Ideas with Even Greater Upside?
Today's investment ideas are short-term, directly based on our proven 1 to 3 month indicator. In addition, I invite you to consider our long-term opportunities. These rare trades look to start fast with strong Zacks Ranks, but carry through with double and triple-digit profit potential. Starting now, you can look inside our home run, value, and stocks under $10 portfolios, plus more. Click here for a peek at this private information>>