Overview
Select Medical Q3 revenue grows 7.2%, beating analyst expectations
Adjusted EPS for Q3 declines compared to prior year
Company extends stock repurchase program to December 2027
Outlook
Select Medical expects 2025 revenue between $5.3 bln and $5.5 bln
Company reaffirms 2025 Adjusted EBITDA between $510 mln and $530 mln
Select Medical raises 2025 EPS outlook to $1.14-$1.24
Result Drivers
REHABILITATION HOSPITAL GROWTH - Revenue for the rehabilitation hospital segment increased 16.2%, contributing significantly to overall revenue growth
CRITICAL ILLNESS RECOVERY - Revenue for the critical illness recovery hospital segment increased 4.6%, indicating modest growth
COST MANAGEMENT - General and administrative expenses decreased by 15.4%, aiding profitability
Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
Beat
$1.36 bln
$1.33 bln (6 Analysts)
Q3 Adjusted EBITDA
$111.70 mln
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 5 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the healthcare facilities & services peer group is "buy"
Wall Street's median 12-month price target for Select Medical Holdings Corp is $19.00, about 24.8% above its October 29 closing price of $14.28
Press Release: ID:nPn34107Qa
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)