Enhabit Inc reports results for the quarter ended in June - Earnings Summary

Enhabit

07/08/2024 05:58

* Enhabit Inc  EHAB.N  reported quarterly adjusted earnings
of 7
cents​​ per share for the quarter ended in June, higher than the
same quarter last year, when the company reported EPS of 4
cents.  The mean expectation of nine analysts for the quarter
was for earnings of 5 cents per share. Wall Street expected
results to range from 3 cents to 9 cents per share.
    * Revenue fell 0.6% to $260.60 million from a year ago;
analysts
expected $267.23 million. 
    * Enhabit Inc's reported EPS for the quarter was breakeven
results​.
    * The company reported a quarterly loss of $200 thousand.
    * Enhabit Inc shares had risen by 7.6% this quarter and
lost 7.2%
so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 13.6%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is no "strong buy" or "buy," 7
"hold" and 1 "sell" or "strong sell." 
    * The average consensus recommendation for the healthcare
facilities & services peer group is also "hold"

Wall Street's median 12-month price target for Enhabit Inc is
$8.75 
This summary was machine generated from LSEG data August 7 at
04:58 a.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2024      0.05           0.07           Beat
 Mar. 31 2024      0.04           0.07           Beat
 Dec. 31 2023      0.03           0.06           Beat
 Sep. 30 2023      0.06           0.03           Missed